Talking to kids about money: An age-appropriate guide
There is a lot that kids need to learn to develop a healthy relationship with money. The recent introduction of personal finance in elementary and high school is a great start, but parents can also help teach kids. The guide offers a number of age-appropriate lessons to show kids at home. For children between ages 4-6 years old, it’s an ideal time to introduce them to how money buys things, how some people who have more share with others, and how money is earned. Playing games, purchasing small items, handling coins and introducing the concept of charity are all great at this stage. As they get older, more complex concepts will help them develop more financial skills to better prepare them for when they need to manage their own money.