Money Basics: Teach your kids good money habits

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Money Basics Teach your kids good money habits
Saving money is one of the most essential life
skills. It helps in building a secure financial
foundation for your kids. Yet many of us learned
this only by trial and error, and experience.
Unfortunately, school education does not teach
the importance of savings. Children are usually
impacted by how their parents handle their
finances. Hence, how we use money has a major
effect on the kids' relationship with money.
Teaching financial skills such as saving at a
young age is always a good idea. But it is also
a tricky topic for parents to discuss with their
kids since this has to be done at the right
time. Teaching kids about money when they are
young sets the foundation for responsible money
management in the future.