Five Tips: "Teach Your Children the Value of Money"
1. Provide a modest allowance – giving your children a small weekly or monthly allowance that they can spend as they wish will help them learn the value of money. 2. Let them buy their own choice of toys/game machine with their saving – You will likely shower your kids with toys but once they save to buy their own dream toys it would teach them how the value of money and time to get what they one; they know learn to protect and take care of their toys as well.. 3. Encourage them to make donations to charity – you better tell them along way about story of unfortunate people that need money for living.... ( NOTE : DON’T JUST LET THEM GIVE WITHOUT SUPPORTING LESSON TO THEM) 4. Help them open a back account : finical system work and banking system it is a better way to tell your kid where is the safe ways to save money before investment... 5. Involve with college savings. Group saving can be part of influencing to behavior of money saving...