The Property Couch TPC Gold | How We Teach Our Kids About Money—Saving, Spending & More!
7 snips
Mar 4, 2025 AI Snips
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Start Money Talks Early
- Start teaching kids about money early using simple concepts they can understand.
- Use play money or role play to explain the idea of exchanging money for things.
Trading Time for Money
- Kids can understand that people trade time for money and that money buys things.
- Helping kids relate time to money value builds a foundation for financial understanding.
Teach Opportunity Cost Early
- Use primary school years to teach kids more complex money concepts like multiplication and opportunity cost.
- Engage children in practical decisions comparing costs and choosing between paid and free activities.