|
|
|
Teach Your Children about Money with Common Sense Investment Inc by Lizelle Tyler
|
|
|
Teach Your Children about Money with Common Sense Investment Inc |
|
|
|
Finance & Investment
|
|
Common Sense Investment Inc spends each and every day helping clients invest and save their money using common sense solutions. As a result, Common Sense Investment Inc often develops long-standing relationships with its clients, including their families. Subsequently, Common Sense Investment Inc often receives many questions about how to best prepare children and teenagers for the realities of money and investment in the real world. When it comes to educating children about money, Common Sense Investment Inc says that “the earlier, the better!" If your children know about money at a very early age, they are far more likely to be responsible with it later, says Common Sense Investment Inc. Common Sense Investment Inc has some common sense advice for parents who want to teach their children about money and how it works. - Start Young.
The younger you start teaching your children about money, the better, says Common Sense Investment Inc. After all, even children who cannot add or subtract understand what money does and is for. So, if you start showing your children the importance of saving money early in their lives, they are much more likely to be responsible with it later. - Use Real Money.
Some parents are hesitant to teach their children lessons about money by using real money, says Common Sense Investment Inc. However, allowing your children to learn about money by using real money will solidify the seriousness of your lessons and advice. Common Sense Investment Inc recommends that you begin giving your children an age-appropriate allowance as soon as they show interest in or knowledge of money. Terms of the allowance can be renegotiated every year in order to reflect increased responsibility around the home, as well as increased financial responsibility in the real world. - Allow Them Agency.
Parents have a tendency to want to control their children’s spending in order to protect them from making mistakes. Still, Common Sense Investment Inc says that when it comes to your child’s money, you should allow them to choose how they spend it, even if that means that they make mistakes. Of course, you are free to offer them advice about how they spend their money, but ultimately the choice should be theirs and Common Sense Investment Inc notes that you should never tell a child that they cannot spend their money on something. If they later find something else that they would have preferred using their money for, then that will serve as a valuable life lesson.
Related Articles -
Common, Sense, Investment, Inc,
|
Rate This Article |
|
|
|
Do you Agree or Disagree? Have a Comment? POST IT!
Reader Opinions |
|
|
|
|
|
|
|
|
Author Login |
|
|
Advertiser Login
ADVERTISE HERE NOW!
Limited Time $60 Offer!
90 Days-1.5 Million Views
|
|
TIM FAY
After 60-plus years of living, I am just trying to pass down some of the information that I have lea...more
|
|
|
|
|
GENE MYERS
Author of four books and two screenplays; frequent magazine contributor. I have four other books "in...more
|
|
|
|
|
LAURA JEEVES
At LeadGenerators, we specialise in content-led Online Marketing Strategies for our clients in the t...more
|
|
|
|
|
ALEX BELSEY
I am the editor of QUAY Magazine, a B2B publication based in the South West of the UK. I am also the...more
|
|
|
|
|
SUSAN FRIESEN
Located in the lower mainland of B.C., Susan Friesen is a visionary brand strategist, entrepreneur, ...more
|
|
|
|
|
STEPHEN BYE
Steve Bye is currently a fiction writer, who published his first novel, ‘Looking Forward Through the...more
|
|
|
|
|
SHALINI MITTAL
A postgraduate in Fashion Technology. Shalini is a writer at heart! Writing for her is an expression...more
|
|
|
|
|
ADRIAN JOELE
I have been involved in nutrition and weight management for over 12 years and I like to share my kn...more
|
|
|
|
|
JAMES KENNY
James is a Research Enthusiast that focuses on the understanding of how things work and can be impro...more
|
|
|
|