While you may appreciate the value of teaching your kids to manage their money responsibly, you may not be quite sure of when that discussion should start or what it should entail.
You want to give your child as many opportunities as possible to grow and develop their interests and skills without digging into your savings or jeopardizing your retirement.
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One important lesson you may want to teach your kids about money management is how to save.
Give your kids an allowance in a denomination (dollar bills, quarters) that allows them to easily split it up into savings, spending, etc.