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Money lessons you should teach your children at home-school

Financial lessons now that will pay off in later life
1. Where money comes from
2. Money doesn't grow on trees
3. Taxes matter
4. File taxes correctly
5. Budgeting
6. Saving for something feels good
7. Saving for the future is important
8. It's important to shop around for the cheapest deal
9. Sharing (money) is caring
10. Compound interest can make you richer
11. You won’t get bought something every time we go out
12. How to make everyday financial choices
13. How to make long-term decisions
14. What is debt and why you should be mindful
15. Credit cards should be used with caution
16. It's important to be a little cynical
17. It's important to question deals and offers
18. Know how much money you have
19. Learn what your time is worth
 20. It's OK to talk about money
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Financial lessons now that will pay off in later life

During the coronavirus pandemic many parents across the world have been thrust into the role of teacher as schools have temporarily shut, and alongside schoolwork this is a great opportunity to teach children about money. Children as young as two or three can understand simple money problems, and research by Cambridge University suggests they have formed financial habits by the age of seven! Starting early can save a lot of later life mistakes, so click or scroll through to discover the money lessons you should try to teach your children. 

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lovemoney staff

18 May 2020

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