4/6/21-How to Teach Your Kids About Money
- April 06 2021
- By: info@njcfe.org
- 0 Comment
How to Teach Your Kids About Money
Financial know-how can set your little one up for lifelong well-being. These child-friendly apps can help manage allowances and even create savings goals.
March 21, 2021 | wired.com
DEBT CAN BE stressful. That’s why the vital ability to manage money is something most parents work hard to instill in their kids. Allowances, chores, and piggy banks are tried and tested techniques, but in the digital age, there are apps and online services at our disposal for imparting financial wisdom and encouraging good habits. That’s important as cash declines in use, especially during the pandemic.
It might feel instinctual to shield children from the pressures of money management, but that may be a disservice. Research in the UK from Cambridge University suggests that the money habits kids will carry into adulthood may be set by the age of 7 years old.