Tips to teach kids about savings and investements
Being a finance management student I always emphasis on saving and investment for th e future. Every body should learn how to save and invest money in a profitable way. I am learning it now but I think I would have learned it in my childhood. Now I am a strong believer that every child should know about saving and every parent should teach saving techniques to their child. If children will know the benefits of saving then they will start it in their early ages, which will be a great help in the future time. In my opinion the preteen years are a golden time to teach kids about saving for the future. They already know the value of money, having learned basic money concepts in school. Following are some tips on how to teach kids about savings and investments – Explain to them that there are three things they can do with money: a. Spend b. Let it be in their wallets c. Save and let it grow. Now tell them that - It's good to spend for one