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Teaching our Kids good financial habits: Conversations around the house.
Our own children are all adults now, and they are not around the house when we're having conversations about money issues anymore. But, there were definitely many conversations our children overheard in years gone by, especially as younger kids. Our decision to have one parent stay home with the kids and make do on one income meant there were many tough discussions about budgeting and what was a necessity and what we could go without. Although we were aware of having real
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Teaching our Kids good financial habits: Pocket Money
Many years ago now, my then 3year old son was asking me to buy him a treat. I explained to him that I had no money and he promptly asked...
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Teaching our kids good Financial Habits; Game Play.
A great way to teach kids about good financial habits is through game play because it is fun and they generally love doing fun stuff WITH YOU! Games help kids learn to think and work out the best way to manage money. They will have to complete tasks to 'earn' money and they will need to plan whether to spend or save. Children are also encouraged to ask questions and hopefully probe further. A couple of great board games for teaching kids about money are Monopoly and The Gam
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