I think teaching kids about how to handle money
responsibly is one of the most important jobs as a parent. Good money management is about simply forming good habits, learning good savings habits is an important life skill. The younger the kids learn about saving money, the better habits they will have for their life.
I always encourage them to take birthday and holiday money and add it
to the savings account.
I practice to have them to use part of their allowance
to buy small gifts for family members, especially around birthdays or holidays.
I hope this helps them to learn how to
share, love each others and as well as budget.
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