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Teachable Moment With Kids: Needs vs Wants

My kids and I have a lot of bonding moments at home, especially now that we are in the second year of this pandemic. They have seen its effects, the limitations, and the people that have been due to the virus. This season is also a perfect time to teach the kids financial literacy since our business is affected during this pandemic. Since they were young, I started teaching them about money. As a parent, it is one of the primary life skills children must learn at home to manage their liquid assets properly. Even in their younger years, I let them use their piggy bank. Any coin that they get changes from the food they buy. They already keep it in their piggy banks.  But how soon must we teach our kids proper money management? As soon as my kid starts to count and recognize money and when they begin receiving monetary allowances, I should start teaching them the importance of money and how to manage it wisely. Before teaching our kids proper money management, they have to learn the diffe

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For more information, visit www.AyosDito.ph.
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