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The importance of teaching children about saving and money management

One of the best ways to teach your children about saving and money management is by example. Children learn by example, so it’s important that you demonstrate good saving behavior in front of them.

If you have a child who spends all his or her money on toys that break within a few days, try putting some aside each month for something special that they can buy when they’re older like a new bicycle or computer game console.