Teaching Kids About Savings And Investing, The Right Way, At A Young Age
Teaching our children about money, how to spend it, budget, save and invest is essential to giving them the right skills and healthy habits so they can meet the financial challenges of adulthood. We need to start these lessons about savings and investment from an early age, because it has been proven that what they learn as kids will follow them into later life, and we all want them to have healthy financial habits for life. But how do we do it? What do we need to do to help our children have a life filled with sensible, supportive and successful financial management? Introducing preschoolers to money It’s never too early or too late to start working with your kids on forming healthy habits. The following are a range of techniques you can use to teach preschoolers and the concept of money: 1. Replace the piggy bank with a clear jar for savings Piggy banks look great, but they do not give kids a visual representation of savings growth. When using a clear jar instead of a pi...