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How To Tell If Your Kids Understand Money

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How To Tell If Your Kids Understand Money

2019-08-22 15:32:411 Oct 2018 01:53 AM EST

Business Insider suggests that it is never too early to start talking to kids about money. They put together a list of 7 signs that you may see as your children age, which indicate that they're grasping the money management concepts you've been teaching. 1. They understand how to look for a deal. Laura Levine, CEO of financial literacy group JumpStart Coalition, explains, "Did they pay full retail, or did they use a coupon, or did they wait for a sale?" 2. They know what to do with money that is given to them. Levine adds, "It isn't so much watching like what they buy, but how they make those financial decisions." 3. You can talk about money casually in your daily life 4. They know why saving is important

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