Experts now agree: It’s never too early (or too late) to teach kids about money. Money is an excellent teaching tool — and kids will learn about money whether you take an active role in that education, or not.
The great news is that the daily routine of managing budgets, paying bills and finding that balance between working hard and spending time with family, can all become great teaching opportunities. Each task and each decision can be used to help teach your children about the value of money, the need to understand spending and saving and the importance of giving.
Here are tips and strategies to help your child learn about money, based on the age and stage of your child.