How to teach kids the value of money

Instead of spoiling your children this Christmas, start building them a legacy of sound financial habits — it’s the best gift you’ll ever give them

 

A for ATM, B for Bank, C for Cash…
• To get started, Subramanian says, “Pocket money is a great way to teach kids how hard it is to earn money — if they need more than you give, have them earn it, say, by helping out with more than their usual share of the chores.”

What your child should know/when
 
Rachana Thamankar, who hosts financial literacy workshops for children, young adults, parents and teachers, lists what children should know about money at different stages of their lives

·         Between the ages of five and nine

·         Between the ages of nine and 12

·         Between the ages of 12 and 15

·         Between the ages of 15 and 17

Source | Mumbai Mirror | 23^rd December 2017

Regards

Pralhad Jadhav  

Senior Manager @ Knowledge Repository  

Khaitan & Co 

Blog | http://pralhad-fyilibrarian.blogspot.in/  

Website | https://sites.google.com/site/pralhadjadhavlib/home       

 

Twitter Handle | @Pralhad161978