Budgeting Expenses

Teaching Our Children About Finances

What else can I do to teach my child about money?

It is important to teach a child the value of delaying purchases for things, not impulsively buying just because someone wants it. Show your children that you are saving every week for a vacation, or a car. Let them see that when you are in a store, you may look at things to buy, but since you don’t need it right now, you decide not to buy it. Children learn by observation, and if you believe in delaying purchases, and do not pull out the credit card to buy something that you do not have the cash to pay for, your children will begin to do the same.


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