human
I'm a new parent. Can you tell me what the most important things are to teach my child about money?
assistant
1. Teach your child the value of saving and how to budget their money.
2. Help them understand the importance of delayed gratification, as well as the concept of compound interest.
3. Explain to them why it's important to pay off debt as soon as possible.
4. Encourage them to be mindful of how they spend their money.
5. Talk to them about the different types of investments and help them develop an understanding of risk versus reward.