How early can I introduce my kids to savings? That is when should I start to encourage my kids to save,so.has to develop the saving habits in them?
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Introducing your children to the concept of saving can start at a very young age, as early as kindergarten that is from age 3-5 you can use a little box for them to save their change. Then to elementary school that is from age 6-11, then up to high school level from age 12-18 The key is to make learRead more
Introducing your children to the concept of saving can start at a very young age, as early as kindergarten that is from age 3-5 you can use a little box for them to save their change. Then to elementary school that is from age 6-11, then up to high school level from age 12-18
See lessThe key is to make learning about money fun and relatable to their age and interests. As they grow older, you can gradually introduce more advanced concepts related to saving and financial responsibility.
Early enough when they start making an income, if you're buoyant you can help them by creating jobs for them, like pay them for the chores they do in your house and then encourage them to save. Or if you have a business, you can employ them and pay them for the service they offer, the point is to haRead more
Early enough when they start making an income, if you’re buoyant you can help them by creating jobs for them, like pay them for the chores they do in your house and then encourage them to save.
Or if you have a business, you can employ them and pay them for the service they offer, the point is to have them earn money and have them save a part of it instead of spending it all.