According to the Department of Agriculture, a middle-income married couple with two kids is estimated to spend $233,610 raising a child born in 2015. Parenting is undoubtedly expensive, and in order to provide the best possible life for your children, you need to have a good understanding of your finances. This is a skill that will not only help your kids as they are growing up but later in their life as well. Teaching your children financial responsibility is something of a lost art, but it doesn’t have to be. Here are some tips on instilling good money management skills in your children.
Managing money isn’t just a thing parents need to worry about. Kids are capable of understanding much more than they are often given credit for. That’s why teaching fiscal responsibility young can have a truly lasting and beneficial impact on their lives.
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