Good financial responsibility can never start too early and while your kids are out of school for the summer, now is the perfect time to teach them about keeping track of their finances and the value of a dollar. With this early life lesson, your children can learn how to treat themselves to things they want by saving their money instead of relying on you or spending their money as soon as they get it. Here are a couple of thought starters to get yours on your way.
Teaching your children the importance of saving, budgeting and purchasing items with their hard earned money is key to heading down the right financial path. By starting early, you will be setting the foundation of financial literacy to help them make smarter choices about money when they get older.