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Smart Budgeting Guide: TEACHING KIDS ABOUT FINANCE

SMART BUDGETING GUIDE: TEACHING KIDS ABOUT FINANCE The coronavirus pandemic has affected many aspects of everyone's life including jobs and businesses. Adults may easily understand the need to change some spending habits to maintain good credit and finance, but kids may find it difficult to comprehend. Here are some of the things that your children need to maintaining know about handling financials effectively: EARNING MONEY • Explaining that you need your job to work and earn to your kids is important. You can help them understand the concept better by rewarding them with allowance for completing chores. SPENDING RESPONSIBLY Help your children hone their decision-making skills. Help them understand the difference • between their needs and their wants. SAVING MONEY • If your children understand how money is earned and how to spend them responsibly, it will be relatively easier to teach them how to save money. BUDGETING Teaching your kids how to budget is teaching them how to plan their spendings ahead. It is a great opportunity for you to teach them about monthly income and expenses. FRIENDLY TIP: Speak in their language and use their tools for them to absorb 24 information better. Teach them budgeting with the help of some . budgeting apps. The coronavirus pandemic may have made handling financials harder considering its effect on the economy, but it is an opportunity for some to learn better ways to handle money-- especially the kids. Pundo fundo.com.au

Smart Budgeting Guide: TEACHING KIDS ABOUT FINANCE

shared by AprilSemogan19 on Jun 19
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The coronavirus pandemic has affected many aspects of everyone's life including jobs and businesses. Adults may easily understand the need to change some spending habits to maintain good credit and fi...

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