Kids & Money
S E G M E N T S: Teaching Kids about Money
\nBetween the Ages 4 & 7
\n- Teaching your kids how to count bills & coins. ( Monopoly, or playing store at home )
\n- Allowing them to pay at grocery stores.
\n- Teach them about Chores & an allowance
\n- Don't argue about Money
\nBetween Ages 8 & 12
\n- Teaching them about Saving for Something they want to buy & the significance of saving
\n- Open a bank Account & teaching them about the checking & savings acct.
\n- Allocate Allowance towards savings.
\n- Creating a budget for the Groceries
\nBetween Ages 13 & 15
\n- This is where you educate your kids on Budgeting, Income & Expenses
\n- Understand costs of Buying a Car
\n- Understanding their Financial Wants & Needs
\n- Teaching them about using a Debit & Credit Card
\nBetween Ages 16 & 18
\n- Teaching them about the ROI of College
\n- Store Valued Cards
\n- Basics of Investing & Different Financial Accounts
\n- Household Expenses for Living on Their Own
\n- Educating them about Business & side hustles
\nBonus content:
\nAges: 2 - 3: You can teach your kids about each coin. You can give them play money to "play store" & have them buy their own cereal or toy.
\nAges 4 - 5: Let your kids help you cut out coupons & when you go to the store they can help you find the items.
\n- This is a fun way for your children to feel like they're helping while learning about Saving.
\nAges 6 - 7: Kids like Collecting, maybe spark their interest in Coin Collecting. If you give kids an allowance, teach them about what it means to do a chore & earn money.
\nAges 8 - 12: Open a bank account for your kid & encourage them to start saving & what that means. Teach them about Comparison Shopping.
\nFor example: Buying Toilet Paper from Costco vs other Grocery stores
\nAges: 13 - 15: Help your kids set a family budget with you & learn wants vs needs. This wouldbe great time to teach them budgeting & how to buy a car with cash vs what Financing would cost & why not to finance a brand new car.
\nAges 16 - 18: Perfect time to get your kids interested in the Stock Market. Teach them the costs of college & if their career choice will pay for the lifestyle they want.
\nO u t r o: Positivity is a 2 way street. The more Positive thoughts you put out, the more postive energy will flow back.
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