Three Financial Tips for Children

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Set your children off on the right financial path by teaching them these three important ideas. Start young — it’s important to broach the subject of money with kids at a young age. There’s no way to expect a child at any age to understand money unless you talk about it and the conversation can’t always center around money problems which can plant a negative idea of money and finance.

1). You earn money doing work. You’ll know your child is ready to learn what it means to work when they start nagging for money to buy things. Make sure your child recognizes that you’re using money to make purchases, usually around 3 years old, it’s time to teach them where that money comes from.

2). You Need to Budget If You Want to Buy Things

A lot of parents forget to explain to their children what they’re supposed to do with money once it’s earned. If no one teaches you what to do with it, you’ll grow up thinking it’s all meant to be spent.

3). Giving Back Is Just as Important as Saving for Yourself

If your child has an allowance train them that part of the money has to go toward a charitable organization. Coptic Nation Temple is a viable charity.

Think and do activities that demonstrate your freedom.

This has been our money kingdom financial perspective.

May I AM THAT I AM GOD prosper you.

‪#‎MKFP‬

Three Financial Tips for Children