It’s also crucial for kids to learn how to appreciate what they have and refrain from comparing themselves to others. Not everyone is on the same budget.
To give them a sense of smart spending, discuss what their needs are by pointing out the essential items used on a daily basis around the household.
You can even inform them about how much things like groceries, toilet paper, or clothing cost. It will help them realize not to take things for granted.
Overall, starting the money talks young is highly beneficial for kids in the future. Ensure that they get some hands-on experience at home with your guidance before heading out into the real world!
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