10 Practical Money Lessons to Teach Your Kids

Do your kids think that you have infinite cash? Do they always want to buy toys and snacks they see on TV and YouTube ads?
If your little kids think that your money just comes from your wallet or an ATM, they may have the wrong understanding about money.
Teaching about money to youngsters used to be taboo. However, basic financial skills and the value of money is best taught when kids are still young and absorbs lessons like a sponge.
Money lessons can be part of the fun learning activities. Here are ways to let them know that they can earn some cash on their own and the value of money they make.

Explain How You Earn Money

Build Their Money Skills

Earning Their Own Money

Teach About Saving and Patience

Allow Them to Decide What to Do With the Money

Bank Field Trip

Have a Garage Sale

Reward Raffle

Identity Theft

Keeping Priorities Straight

Knowing the value of money and hoe to spend it is part of learning the basic financial skills that they will use when they become an adult. Let your children develop financial skills while they are still young so they can grow as money-smart individuals.