We have heard some famous hiphop stars say their money grow on trees., but we have seen many of them go brankrupt after amassing so much wealth. Money doesn’t grow on trees. And the time for your kids — who may have watched or heard these famous artistes flaunt their wealth as if it never ends, and have caused some envy in the kids — to be financial literates. We’ll find out in this article, ways to teach young kids about money so it sticks with them.

Here is a list I have put together from the advice of experts who are also mature and experienced parents in ways to teach young kids about money so it sticks with them.


1. Always Explain Where The Money Comes From
Personal finance expert and the co-author of ‘Smart Money Smart Kids: Raising the Next Generation to Win with Money’, Rachel Cruze says, “When you’re teaching your kids about money, it’s important to teach them where it comes from. Money does not just come from mom and dad’s wallet,”

Always ensure to continually repeat and demonstrate and demystify the connection between money and work. Let them know when you work, you get money. And when you don’t work, you don’t get money.

2. Teach Them The Principles Of Giving, Savings And Spending

“Once you’ve established that money comes from Read more>>