dwayne.louisdwayne.louis

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How do you teach kids the value of money?

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dwayne.louis
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edgar.torres
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Reinforce lessons he's learning at school by making a chart that illustrates basic money equivalents. Post it on the refrigerator or in your child's room.
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melinda.gran
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You can be creative in doing that. You can use pictures of the money and the things that he/she can buy with that amount.
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jessy.anderson
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You have to make sure that you practice what you preach. Be a role model to your kids. Always educate them the value of money, how hard to earn it and what's the importance of saving.
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adam.newton
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Help him practice exchanging pennies for nickels and dimes and quarters for dollars. Play store by putting price tags on items around the house: 50? for a pencil, 75? for a rubber ball, $2 for a Hot Wheels car.
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You have to make sure that you practice what you preach. Be a role model to your kids. Always educate them the value of money, how hard to earn it and what's the importance of saving.
That's right.
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I have my eldest sit with me whenever I balance our checkbook, pay our bills and other money matters.
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She should understand that you can't buy whatever you want and that you need to make careful choices about how you spend your money. Explaining how money works is very important.
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I am giving my nephews and nieces money instead of toys. I want them to save and buy what they want.
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It would be better to teach them to save their own money to buy the toys that they like. Just what my mom and dad did,. They did not buy me toys from their own pockets. I have to save up for it.
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Give your child a small allowance. It should be enough for her to buy minor items, such as trading cards, hair clips, or ice-cream bars. The next time you go shopping, tell your child to bring her money if she thinks she might want to purchase something.
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I will teach them through showing them how to save up and what will happen as a result of keeping money. I can use a story or illustrations to let them understand it.
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You teach it to them by not giving them what they want without something in exchange. The kids need to learn that you have to work hard for something you want.
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You teach it to them by not giving them what they want without something in exchange. The kids need to learn that you have to work hard for something you want.
I agree! Kids nowadays are spoiled.
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