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June 16, 2011

Kiddie Cash Smarts: 10 Ways to Teach Your Child to be Money Wise

When should you start teaching your child about money? Read this article to find out--plus tips on how to go about doing it.
If you want to know how soon you should explain the intricacies of money and budgeting to your children, here's the answer: as soon as they understand that they can use the money to buy the things they want. When they show some interest, you can start teaching them how to handle it wisely. The simple lessons you teach today will give your child a good base in financial literacy.

Read on and see how these tips can help you teach your child to be money smart at a young age.

Read these other articles for more tips on saving:

(First published in Good Housekeeping Magazine, Money section as "Money Wisdom" in June 2006; adapted for use in Female Network)

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