12 ways to teach kids about money

 
 

  1. Paying their way: By the tween years, kids should start to be responsible for some of their own expenses. It's one thing to earn money and another to live under the constraints of that finite resource. Consider making them pay for some of their own expenses, such as school supplies or birthday gifts for friends.
  2. Nurture budding tycoons: You can spot the entrepreneurial kids by this age. For kids who show an interest in business, consider an online stock or small business simulator game offered by many websites, including Investopedia.
  3. Cultivate the value of giving: This is a great time to teach kids the importance of using money for community good. Business skills can be sharpened and philanthropic traits nurtured by encouraging kids to help causes they care about. Animal shelters are popular.
 
 
 





 
 
 
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