When it comes to smart money management, transparency is key. For adults, that means keeping accurate records. But how can young children get a real sense of how much of their money goes to spending and how much they’re saving? It can be done by providing them with a simple, visual system for dividing their money. Instead of an old-fashioned piggy bank, consider using three clear glass jars. As soon as your child is old enough to do basic chores without much supervision, consider assigning a dollar amount for each week to the work they do. Give them the aforementioned three jars and label...
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