5 Ways To Teach Kids About Money

Published On: 05-Jul-2017

5 ways to teach kids about money

Warren Buffett set up the Secret Millionaires Club as a financial literacy project to enable children develop the correct financial habits that would serve them well for the rest of their life.Given that financial skills are crucial to navigating life, parents should teach their children about money at a very young age. This is all the more significant since parents are the dominant influence on their children's financial behavior.Let's look at some ways in which children can be encouraged to understand the concepts of saving, budgeting and investing.

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01

Inculcate the habit of saving

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02

Engage your children in financial discussions

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03

Teach them about value buying

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04

Assign budgets

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05

Talk about investing

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