Summer is a time of year when families spend a lot of time and money together.
So, it’s a perfect time to teach children about money.
Children are naturally curious and ask a lot of questions, and since money is about decision-making, which means asking and answering questions, a great approach is to teach children to ask and answer the right ones.
Is something too expensive? Should we save for something else? Should we spend the money at all? Maybe investing the money would be better.
Opening up the conversation to include your children in what you’re doing and thinking about when deciding if and what to buy teaches them important lessons while showing them the love and attention they need.