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When should I start teaching my child about money management?

Michele Borba
Psychology
The truth is we can begin to teach our children money management skills as early as three and four years of age, and those lessons don't have to be difficult. In fact, the best way for kids to learn them is by taking advantage of those simple everyday real life moments like watching us at the ATM machine, paying our bills, balancing our checkbook, deciding our money budget, talking through our spending decisions or back to school shopping. Those lessons will take a bit more patience and persistence, but learning positive spending habits, financial wisdom, and good money management skills are crucial for life.

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