by Brianna Rhodes via https://blavity.com
The sooner kids learn about finances, the better their future will be
When it comes to finances, it’s never too late to teach your kids about the importance of money management and savings. It’s been known that children learn at a rapid pace in their early years, and financial literacy is one of the skills that should be taught to kids early on.
Investing in your kids’ future isn’t just about making sure they receive a great education or have successful careers, but it’s also about how they should invest financially to ensure that they’ll have money not just for the present but for the future.
Below are four easy ways to teach kids about money management and financial literacy:
1. Take advantage of the piggy bank.
Growing up, many kids had piggy banks in their room whether it was for the purpose of actually saving their coins or just for decoration. Now that I’m in my early 20s, I realized the importance of the piggy bank during my pre-teen to teenage years. Although we all think that pennies, nickels and dimes are worthless, we forget to realize that those coins add up. It doesn’t take that much for an accumulation coins to reach a dollar. It’s essential to teach kids that whether they have a penny or a $20 bill each type of currency is worth …