There are so many things we have to teach our children but one that is often overlooked in today’s world is teaching kids about money. Unless your child has a large trust fund in their name or some other financial windfall heading there way they will need to learn about personal finance. The earlier you start teaching children about financial matters the better.  During the most impressionable years of their lives, young people will formulate an opinion about money that will likely stick with them throughout adulthood.  With that being said, it’s important to be straightforward with kids.  They need to know the value of a dollar and you’re their best teacher.

Use everyday activities to teach lessons about money.

Take your children to the grocery store.  Teach them how to find the best deals by watching for sales, comparing prices, and using coupons.  Purchase a small calculator for your child and work on adding and subtracting while you shop.  This is especially helpful for elementary aged children who are learning to differentiate between a dollar bill and a hundred dollar bill.

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