Everyone has their own ways of managing money, and it is important to realize that kids absorb a lot of information and will likely follow your lead when it comes to financial issues.
Age-appropriate involvement in family finances gives kids an idea of how things work in the “real world” so it’s important to include them on some level.
When kids get older and anticipate college, they should be well-prepared to handle money on their own for the first time while knowing the skills they need to prevent an accumulation of debt.
Building a strong financial foundation is one of the best lessons parents can teach their child to ensure a much more financially-sound future.
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