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Father’s Day money lessons to teach your kids

5 0
16.06.2024

Personal finance expert Rachel Cruze discusses how parents can teach their children about saving early on.

Father’s Day is a prime time to reflect on the valuable lessons we’ve learned from our dads and think about the crucial wisdom we want to pass on to our own kids.

My father died almost 35 years ago, and through his actions he taught me what you should and shouldn’t do with your money.

Teaching your children smart financial habits early in life can set them up for a future of success. Here are five concepts I preached to my three children since they were old enough to understand them.

Teaching your children smart financial habits early in life can set them up for a future of success. (iStock)

One parental choice you will have to make with your children is whether or not they get an allowance. In my view the fundamental choice is not about the allowance itself, but whether or not you GIVE your children an allowance or they EARN it.

HOW TO BUILD A BLUEPRINT FOR YOUR CHILD’S FINANCIAL SUCCESS

When kids earn something through their own efforts, they learn the value of hard work. It’s not just about........

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