How To Encourage Your Child To Have A Productive School Break With Money Lessons?
Money lessons are often hard to integrate into your child’s life when they are occupied with school and homework. Thus, school holiday is the perfect time for your children to take a break and focus on other aspects of their life skills. Why don’t take this chance to guide them on how to manage their money like a grown-up? You can always engage your child in the practice of budgeting despite his or her age. You can either offer a token of money as a reward to your child for helping with the household chores or allow your child to work for someone. The first paycheck is always a means of freedom for your child. Setting a precedent for life, this paycheck is significant as it affects how your child would view money budgeting in time to come. Set a Good Example You can demonstrate financial responsibility by involving all your immediate family members in money management activities. There is no limit to age and it is better to expose your child to the operations of the family as soon as possible. Start by reviewing the family budget together and let your child be aware of the monthly household [...]
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