How To Teach Children Financial Responsibility

Raising financially responsible children has its own set of advantages. From a very young age, your child learns the value of money. Raising children with such knowledge not only increases their awareness of money and its value but it also increases their confidence.

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⏱ Time Stamp:

00:00 Introduction
00:34 Talk about money
01:22 Start making them save
03:17 Foster independence
04:25 Teach your child the value of money
04:48 Treat your child's rewards as if they were paychecks
05:36 Teach your child the value of saving, spending, and sharing
06:35 Games and applications
07:08 Encourage family participation in financial decision-making
07:52 Do not be afraid of failure
08:46 Teach your kids to budget
09:21 Lead by example
09:56 Don't give them everything they want

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