7 Tools To Make A Kid Financially Strong


Bangalore: Money lessons are one of the most important lessons in life. The sooner a person learns to value money, the greater are the chances of him having a comfortable life. These lessons should be imparted at a young age, and to do so, parents should come up with interesting tools for kids to understand and remember the importance of money and the benefits of smart saving.

Let’s have a look at the 7 easy and effective tools to learn save money as reported by Anna Newell Jones of Babble.com.

Create a chart

Parents are the first teachers of kids. So the parent should take great care of what they portray to their kids. If children see their parents saving money, so will they. To cultivate this habit in younger, one should make a reference chart on how much to save. An easy calculation would be 10 percent of earnings should be saved. So when the kids get 10, they will know that they have to save 1 of that money.

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