A Few Financial Terms to Teach Your Child

Financial education for kids is one type of education every parent should be teaching. There are a few terms that your child should know as they are growing up. Some of the terms include investment, saving, spending wisely, and earnings. You can teach your child that making an investment means that you are putting your money toward something you want to see grow. You also want to teach your child about saving. If your child gets an allowance explain the importance of saving a certain percentage of their money. Finally, make sure your child has an opportunity to work for their money, or earn their money. This will teach them to spend their money wisely. More info: financial education for kids

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