[Video] 3 Money Management Principles for Children
Financial literacy starts at an early age. The lessons we learn about money as children follow us into adulthood, and can impact the way we spend, save, and generally interact with money as adults. This is why it is so important to begin teaching your children good money management principles while they are young.
It's important that children learn how to think intelligently about money and purchasing decisions as they grow. Being able to evaluate financial decisions without letting emotions rule is crucial for adults as well, and it's a skill that should be learned early for best results! Earning and saving are also simple principles that can be instilled in children from a young age.
Here are 3 solid money management principles that you can teach children starting in elementary school (and remember, teaching by example is always best!):
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