human
What's a good way to teach my children about money?
assistant
A good way to teach your children about money is to start by explaining the different ways in which money can be spent and saved, such as on food, entertainment, clothing, or other necessities. Then, talk to them about how they can make smart financial decisions when making purchases. Explain that it’s important to save for unexpected expenses and set aside some money each month towards savings goals. Lastly, show them how to budget their money wisely so they can reach their financial goals.