The 15 Best Ways to Teach Your Kids About Money

8463683689_baa33ca431_bPhoto credit: CC license by epSos .de

2. Divide and Conquer

Use a simple 80-10-10 plan to divide your kid’s allowance: 80 percent in spending, 10 percent in savings and 10 percent in sharing. It’s a great life model and helps them learn to divide money (but don’t let know they’re doing math). But putting money into a bank is just the first step. Learning how to spend it wisely takes a little more creativity.

Prev2 of 16Next

Facebook Comments