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Teach kids that money is a tool

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by: Christina Ponstisso

Amy Nielson via the Huffington Postdetails herrevelation on money habitsfrom working as an accountant to becoming a mother. As a mother shebegan observingand taking note of her children’s interaction with money. She then realized what fundamentals she needed to teach her kids about money.

Below areNielson’s four focal points:

1. How to Earn Money: Teach children the concept that money comes from working. Without working there is no money.

2. How to Save Money: Use a more relative example when teaching your children what to save for. A great example would be a toy they are yearning for.

3. How to Spend Money: “Think about what you need first, and then buy what you really want after that.” Make a list of items needed before heading out the door. In order to avoid spontaneous shopping down the aisles.

Jordan Rumsey