Tips to Teach your Kids about Money Part 2
Tips to Teach your Kids about Money Part 2
3. Take them to the Bank
See the bank transaction will help them to understand the value of money. do not forget to involve them. For example, allow them to give the passbook to teller. When your child was five years, you can give own passbook for them. Give the logic and positive explanation about the importance of saving in Bank, because they will get the positive impression about money and bank.
4. Charity
Teach you child that half people, which has the opportunity in life is should to help another people that more poor, is the importance part in the lesson about money. Laura Busque from Ohio Credit Union League said that the family can do some simple thing to planting the share habit since early age.
Charity some of their money at worship place, or buys food for brought to orphanage is the little example that is can you do with your child. You are able to teach them to do some social activity that suitable with their interest.
5. Give some money
Give your child some money is the right act to teach them how to manage money. your child will understand that everyone has limited money and the excess money today is able to use for tomorrow. They will learn how to choose their necessary suitable with the money that they have.
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