Teach kids the ABCs of the almighty dollar
Abstract: Although it might seem like jumping the gun, 3- and 4-year-olds can begin grasping concepts such as needs and wants, as well as the idea that most people can’t buy everything they want. So it’s important to start teaching a child money sense. This article delves into the issues of when to start giving a child an allowance and explaining needs vs. wants. It also addresses how to talk to teenagers about money. For example, it discusses how high schoolers can be expected to take on even greater responsibility for their own expenses.