7 Ways To Make Money For Kids: Teaching Kids Money Management, Practical Money Skills And How To Think About Money

Does your child struggle to keep track of their expenses? Do they have the habit of spending on wasteful things? Do they always go overboard with the set weekly budget? Do they have trouble understanding basic financial terms? As parents, we might think we have plenty of time to have the money talk with our kids. We think they are too young to understand what money is, how it should be spent, and where. But research shows that children as young as three can understand basic money concepts. Moreover, by the time they are seven, their basic habits have formed. From talking about how to differentiate between needs and wants to how teenagers can invest their income, from personal finances to money management strategies, this guide has all the answers you have been looking for. Financial literacy in this day and age is an essential skill to develop in children. It doesn’t take a lot to get them stuck to the habit of saving and spending within their means. We have covered the bases for you to start this important discussion in the house, no matter how big or small your child is. The sooner they start to think about the choices they make, the better. With activities spread over different chapters, this serves as a complete guide for parents who want to instill healthy money habits in their children. Frank takes his readers on an engaging journey that encompasses topics like budgeting, investments, savings, expenditures, and 15+ ways kids can generate money using part-time jobs.