9 Ways to Teach Kids About Money

As soon as your kids start counting, introduce them to money

Sit with your kid and discuss value of money

Help children learn the differences between needs and wants

Teach how to set a Goal

Introduce children to the value of saving versus spending

When giving children an allowance, give them the money in denominations

“If the amount is Rs. 50 , give them Rs 50-5 denominations money and encourage them to save at least Rs. 10”

Take them to bank and open their own saving account

Keeping good records of money saved, invested or spent

Teach your kid about budgeting

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