 |
| Photo by Corbis |
Do you start to teach them early or you wait until they reach a certain age?
According to an article that I read way back, there is no age limit to teaching kids about money.
You can actually start teaching them as early as possible and I agree with that. I too was taught how to save money at an early age. I was taught to give my money to my mom for safe keeping until I learn on my own how to save money. Not fully understanding what that meant, I just obeyed and gave her the money that I would receive.
Things changed when I began asking for new toys. My mom would usually buy me what I asked as long as it is within her budget. If it doesn't fit her budget she would tell me to learn how to save my own money so when I have enough I would buy them myself. Since then I started saving and monitoring the money that I get from allowances, birthdays and Christmas in order to buy the toy that I want.
The early lesson on saving money has been one of the valuable lessons I learned when I was a kid, because it's something that I carried with me as I grew older.
It's important to get our kids involved in the financial loop for as early as possible. At least the basic and simple terms, just so they'll have some understanding as to the value of money.
So as they grow older and learn more about money, they already have a good financial foundation to lean on.
No comments:
Post a Comment