Kids & Money
Kids & Money

Kids & Money

Dailytimr

11 min
Knowledge
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<p><em><strong>S E G M E N T S: Teaching Kids about Money</strong></em></p> <p><br></p> <p><em><strong>Between the Ages 4 &amp; 7&nbsp;</strong></em></p> <p><br></p> <p><em><strong>- Teaching your kids how to count bills &amp; coins. ( Monopoly, or playing store at home )</strong></em></p> <p><em><strong>- Allowing them to pay at grocery stores.</strong></em></p> <p><em><strong>- Teach them about Chores &amp; an allowance</strong></em></p> <p><em><strong>- Don't argue about Money</strong></em></p> <p><br></p> <p><em><strong>Between Ages 8 &amp; 12</strong></em></p> <p><br></p> <p><em><strong>- Teaching them about Saving for Something they want to buy &amp; the significance of saving</strong></em></p> <p><em><strong>- Open a bank Account &amp; teaching them about the checking &amp; savings acct.</strong></em></p> <p><em><strong>- Allocate Allowance towards savings.</strong></em></p> <p><em><strong>- Creating a budget for the Groceries</strong></em></p> <p><br></p> <p><em><strong>Between Ages 13 &amp; 15&nbsp;</strong></em></p> <p><br></p> <p><em><strong>- This is where you educate your kids on Budgeting, Income &amp; Expenses</strong></em></p> <p><em><strong>- Understand costs of Buying a Car</strong></em></p> <p><em><strong>- Understanding their Financial Wants &amp; Needs</strong></em></p> <p><em><strong>- Teaching them about using a Debit &amp; Credit Card</strong></em></p> <p><br></p> <p><em><strong>Between Ages 16 &amp; 18&nbsp;</strong></em></p> <p><br></p> <p><em><strong>- Teaching them about the ROI of College&nbsp;</strong></em></p> <p><em><strong>- Store Valued Cards</strong></em></p> <p><em><strong>- Basics of Investing &amp; Different Financial Accounts</strong></em></p> <p><em><strong>- Household Expenses for Living on Their Own&nbsp;</strong></em></p> <p><em><strong>- Educating them about Business &amp; side hustles</strong></em></p> <p><br></p> <p><em><strong>Bonus content:</strong></em></p> <p><br></p> <p><em><strong>Ages: 2 - 3: You can teach your kids about each coin. You can give them play money

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micahClark

micahClark

Kids & Money - Listen Free | WowFM