Showing posts with the label ways to teach children the value of money

4 Ways to Teach Your Children the Value of a Dollar

It’s not always easy to get your children to appreciate the value of money, however it is an essential skill that they must learn as they are growing up. Imparting good savings habits while your kids are young is a great way to prepare them for the financial challenges that they will face later on in life.  Here are 4 great ways to teach your children the value of a dollar, and how to appreciate and respect money. Introducing Pocket Money Giving your kids pocket money is a great way to introduce them to the world of money. To make the most of the experience, you should create a list of ways that your kids can ‘earn’ their weekly pocket money. Whether it’s completing homework on time, helping with the dishes or completing a list of jobs, your kids will appreciate their money a lot more when they know that they have worked for it. When you just give them a weekly allowance regardless of their behaviour or contributions to the household, you diminish the value of money and