Teaching your children money management skills can help them prepare for future financial challenges as they become independent adults in New Zealand. You should start teaching them from an early age to ensure they can recognise different amounts of money and count it accurately. And as your children get older, giving them pocket money and taking trips to the shops or bank can teach them how to save for the short and long-term, as well as how to spend their money wisely.
Teaching your children how to budget, spend, and save will create good money habits for life. So without further ado, here are 10 tips for teaching your children about money management.
