Page 81 - Workbook2E
P. 81
TEACH YOUR CHILDREN THE NATURAL VALUE OF MONEY
#6
Introduce Children to Money
at a Young Age
To share the natural value of money with children during their most receptive years, money must be brought up
at a very young age. Many parents successfully introduce the value of money to children as soon as they’re able to count. This can be done through using play money, real coins, money games, homemade savings plans, and checking accounts, etc.
List ways you can introduce your child to the natural value of money.
How You Make Money with Money
Putting interest to work for you is one of the most important signposts on the road to financial freedom for both you and your children. Teaching children the value of earning interest is an important lesson. Teach them how to calculate interest. Emphasize the value of having a good credit rating, at home with you, and in the future.
Note: some ways you can teach your child the concept and value of earning interest.
#7
“Those who understand interest, earn it; those who don’t, pay it.”
Anonymous
Access Education Systems © 2013 77
