BSCU has a program to help kids learn more about money management.
Teach your kids the importance of money management

 

The main role you have as a parent is to guide, teach, and keep your children safe. One day they will go on their own and realize the world is a tough place to live in. Everything you teach them at a young age will build a foundation for their future.  Teaching them the importance of money management can help them:

  1. Learn the meaning of financial responsibility
    You can start by giving them a small allowance for doing chores. Pick a small amount like $10 and teach them to use the money carefully and save. Little kids grasp everything quickly and teaching them how to manage money wisely is a lesson that will last a lifetime.
  2. Use credit cards correctly
    Managing credit cards can be challenging for adults. Teaching them about credit ratings and the benefits of having good credit can help them improve their financial future.
  3. Prevent Impulse Spending
    Impulse spending is a big problem in our consumer based society. Your kids are continually bombarded with advertising on TV, social media, and by walking into a store. Teaching children money management at an early age can help them understand the real value of a dollar.

As you can see, teaching your kids about money at an early age can help them improve their financial life. It is up you, as a parent, to pass these lessons along so they can build a brighter financial future.

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