Financial growing pains

Article Abstract:

Children have their own set of financial troubles, from tantrums in stores to squandered allowances. Parents can help their children handle these financial crises in a number of ways. For instance, in-store tantrums can be avoided by not taking children to the shop where they are exposed to temptations. Smart money habits can also be taught by helping them prioritize expenses.

Financial management

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The going rate

Article Abstract:

It is possible to set a fair price to pay a child for allowances, doing chores or visits from the tooth fairy. It is not necessary to match what other parents are paying their children. Each family has different expectations and different values, in addition to having different income and expenses. Some guidelines are given to determine a fair price.

United States

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The value of play money

Article Abstract:

Parents can teach their children the importance of saving and spending by making a game of finance because children learn through play. Children aged four and below can be taught the names and values of different coins. Playing store is also ideal for first- and second-grader children.

Study and teaching

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