We’ve all seen that it is very easy to learn to spend money—the difficult task is learning to spend wisely.
It’s a great idea to start teaching wise spending as early as preschool age. Here are some great tips to help us teach our children at an early age:
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Practice makes perfect: Practice counting coins and bills with children. This can be much more meaningful than counting coins on a sheet of paper.
Teachable moments: Bringing kids to your financial institution with you helps them see what a transaction is like. Use times like this to teach financial basics like putting money into an account before getting money out.
There are plenty of other great tips out there, but these are some great ways to get your children interested in saving early!