As a child, you may have gotten an allowance for doing chores around the house, but were you ever taught how to manage your budget? Teaching the children in your life how to manage their allowance earned as a child can have long-lasting effects, including how they manage their money in adulthood. Below are some tips on how to teach children to save and manage their money.
These lessons can be useful for both the child and adult alike! Making finances a regular part of the conversation can create a bright future for childrens’ financial wellness. Read more from this Investopedia article about teaching children how to save money here.