Six “How to’s” for Your Kids to Control Their Money

When it comes to money matters, it’s never too early to start. An article in today’s Kiplinger’s Personal Finance, Six Money Skills for Kids to Master, offers some excellent tips on how to teach your kids to handle their money that could benefit them for the years ahead. Here’s a summary of the “How to’s” from the article:

  • How to handle a cash allowance
  • How to save for a goal
  • How to compare prices
  • How to manage a checking account, an ATM or debit card
  • How to appreciate the magic of compound interest
  • How to get out of debt (or not)

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