if so how?
My son just turned 4. The closest we have gotten is talking about how the bank gave us a loan for our house and now we have to pay them back plus some for loaning it to us.
i do, they get allowance for one so they understand about cost. they are required to save and give (10% savings 10% giving). at age 13 I cut their allowances and the have to earn money. we also have classes about budgets, credit ect.
We talk about $, not so much about credit. They are a little young to understand that
i dont teach my kids about credit...they're too young to know about that kind of stuff...but we are trying to teach them the value of money by buying things and making sure they take care of those things
My DD is too young to understand.
I discuss money with our sons they are 9 and 6. Just the basics, mainly spending and saving. If they want an expensive item like video game I encourage them to save for it.
I discuss money, banking, budgeting and credit with our 17 y/o. She has a job and checking account but hasn't been doing so well with budgeting her money. At this point I tell her to stay away from credit cards.
Quoting singlemomof2nok: We talk about $, not so much about credit. They are a little young to understand that
My daughter is 4 and my son is 6. They believed that whenever we needed money we just had to go to the bank in Walmart because that is what I always do on grocery day. I had to explain to them that when their dad gets paid then I can go to thebank and get money it does not just magically appear in my account. My daughter has asked why we have to pay bills and I explained to her that you pay for the lights and water, internet, and tv and anything else that you don't make yourself.
Not yet. They are much to young.
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