Teaching Kids About Money Early Creates Lifelong Habits
In Lagos news and elsewhere, the importance of financial literacy for children is gaining attention. Stephen Day, Ph.D., from Virginia Commonwealth University, suggests that teaching kids about money should start in elementary school. His upcoming book, "Teach a Kid to Save," shares insights on embedding money values in family settings through fun, practical activities.
Day recommends various engaging tasks, such as budgeting with pennies for pet care, identifying cost-effective store items, and exploring global trade concepts through grocery shopping—all tailored to teach children essential financial habits. This advice is timely and relevant to Nigeria news, as more families seek strategies for instilling financial acumen in their children.
Key Takeaways:
- Start teaching financial literacy early, around elementary school age.
- Use engaging activities like budgeting with pennies or creating a family market.
- Emphasize habits over mere financial knowledge for lifelong impact.
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How do you teach your children about money? Share your methods and stories in the comments below!
