10 Things Kids Need to Learn about Money

Every wonder how your kids got their bad money habits? Just like sex, drugs and smoking, if you don't
talk to your children about money, they'll get it from the streets. OK, you might not be the best example.
Most parents feel that way. Rather than leaving your kids to the mercy of the financial wolves, buckle
down, learn and make financial education apart of your family experince.

Here are some highlight from the article"

"Money comes from work, not the ATM. Unless you come from a long line of super wealthy people, you
probably have to work for the money you get. It does not magically appear out of cash machines.
However, for most kids, the experience is the opposite."

"Buy the stuff you need before you buy the stuff you that you want. We buy stuff because we need
before stuff we want. Since we have limited amounts of money, some of the things we buy are more
important than others because we need them.

We save up to get bigger stuff. When we do not have enough money to buy something we want today,
we can decide to not spend our money on other things until we have enough to buy it. Being willing to
sacrifice other things and save perhaps for a long time, just shows us how much we really want that
expensive item. Sometimes, after all the sacrificing and saving, we realize we really did not want the
item as much as we thought we did and we do not buy it.

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