Teaching Your Children the Importance of Saving Their Money
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Consider the following example as it relates to this week’s topic. It’s a true story but the child’s name has been changed to protect his privacy.
I’m so proud of my young son. A little over a year ago, Alexander and I had a discussion about the importance of earning and saving money. We set a financial goal for him to achieve, and I committed to match his earnings/savings and assist him with opening a bank account once that goal was reached. He worked hard by completing chores and saving money that he’d received for special occasions (birthdays, the tooth fairy,...
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