It is important to start inculcating sensible money management habits in children. This can help prevent them from developing extravagant spending habits or falling into the trap of living beyond their means through credit cards.
The life-long benefits of teaching children good money habits make it well worth the effort. Children who are not taught these lessons pay the consequences for a lifetime.
As a parent there are a number of vital things that you plan for when your child is young. Things like, where they'll attend school, what sports you'll encourage them to play and even what musical instrument they'll learn. Saving should be one of ...
These days giving pocket money to children is almost a given. Not only will adding a few pence a week to their piggy bank teach them the importance of money management.
Children learn many things during their young lives and can learn to save with the help of coin counters. One thing that children learn infrequently, however, is how to save money and invest for the future.
It's important to teach good spending habits to our kids early on, and teach them the value of money throughout childhood. By modeling good behavior and making the most of teachable moments, you are more likely to raise kids who will have good spe...
Like so many things in life, setting money aside as savings is a habit that needs to be developed. If you want to see your nest egg grow, you need to do what you can to encourage a savings habit.