12/7/21- The 5 Money Statements That Could Harm Your Child’s Future
- December 07 2021
- By: info@njcfe.org
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The 5 Money Statements That Could Harm Your Child’s Future
November 29, 2021 | forbes.com
A huge proportion of transactions take place on debit and credit cards, online and from phones and smart watches, which means that children rarely see cash. Many have no concept of how money is earned and spent. This means that their understanding of how money works is less tangible than ever.
The link between earning, having and spending money being difficult to grasp could set children up for financial illiteracy. What’s worse, however, might be their attitude towards money if their environment creates limiting beliefs around wealth and the value of their time. A lack of visibility, understanding and financial education combine to change how a young person views having and earning money.
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