2008 will be a year to remember. As the economy has turned against all of us financially this year, we all have to become wise about our money and purchasing decisions. It is important to teach your child about financial responsibility. When your child is young, teach him about the value of coins and dollars. Teach him the math that goes along with the value: 10 pennies = 1 dime; 10 dimes = 1 dollar; etc…
Pretend play store at your home. Use groceries out of your cupboards or use pretend plastic foods, boxes, and cans. Teach them about buying decisions and what is a good value and ones that are not. You can be the cashier and your child can be the purchaser; allow him to pay for the groceries with play money.
Your child will learn the value of money and how to make buying decisions, which will be important in his future.
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