Is Your Child A Financially Savvy Adult?


Bangalore: You teach your kids about everything to make them independent, but what you miss out is to teach them about finances. In these economic ups and downs, it’s obvious that your kids might become curious about what they hear. So, explaining them the basic terms and conditions of handling money can be a good deal. ET Bureau has come up with few things which you must teach your kids at various milestones of their life, to make sure that they become a financially savvy adult. Let’s have a glance –

1) 5-6 years

At this stage, make them understand the concept of money. Explain them how money helps to buy things and services. Help them to identify various denominations and the basic differences between notes and coins. You can also play money games with them like sorting the coins by sizes. You can take them for shopping and make them pay for small things.

Children have a very small concentration span, hence you need to make the money leaning a fun for them, or else they will easily switch out to other things.

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