Teaching Basic Money Management

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Teaching Basic Money Management
It is never too late to start teaching money
management to children. Research has shown that
there has been a decrease in understanding
finances and how to manage money. Teaching your
children how to manage their money leads them to
become financially responsible adults. One way to
teach kids how to manage debt is to walk them
through a credit card bill, explaining charges
and interest fees. Here are the basic money
management things- Use Cash Credit and
debt Use a Money App Personal budgeting Dont
Give Allowances Utilize a Piggy Bank System