Teaching Money Skills

Why it's important to teach kids about money

Teaching money skills to children is an important responsibility that pays dividends, especially when one considers the consequences that often plague those who can't handle their finances with skill and discipline. Money management skills generally don't come naturally, but need to be taught and reinforced, the same as when they learn to read, write, or tie their shoes.

saving money in jar
Kids who learn fundamental money management skills when they are young will carry these same skills into adulthood. While it may not be easy helping them foster the discipline necessary to form habits that lead to financial success, the time invested will be well worth the effort.

For most of us money is an important, yet finite resource. While its importance in determining our level of happiness can be debated, money generally plays a role in determining the neighborhood we live in, the schools we or our children attend, and often times the kind of foods we eat.

And while it's true that money isn't the only factor that determines our quality of life and general happiness, it's a major factor. Don't get me wrong. You don't need to live in a mansion in Beverley Hills in order to be happy and successful, but why settle for less when you can have so much more simply by employing the discipline necessary to better your financial situation.

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