Explain and demonstrate to children how to use money, how to shop, borrow and save money. Children watch their parents and repeat what they learn.
When planning rewards for your children, ask them for their ideas.
Teach children how to earn money, the value of saving and the joys of achieving a goal.
Encourage them to ask for advice but do not force your advice on them. Accept that mistakes may be made and use them as a teaching event and do not criticize them hard. During every stage, talk openly about all available options.
Email helen@simplemoney4you.com.au with any questions.
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