Why is Money Habit Important for Children?

[Suba]

Money habit is a series of habits and behaviors of a person related to how he/she manages money in everyday life. It takes responsibility and the role of parents to be able to build money habits from an early age or before preschool age. Parents who neglect their obligations can have a negative impact on managing finances in the future, so the role of parents is not only to teach how to save and the need to save money but also parents play a role in teaching how to choose products with cheaper prices in different stores.

 

[pousinha]

Children learn easier and faster than adults: neglecting good habit's teaching since childhood is used to generate pitiful consequences. Lack of correct money habits since childhood can lead to lavishness during the adult life. It's not by accident Proverbs 22:6 says "Train up a child in the way he should go: and when he is old, he will not depart from it."

 

[Fidelia]

When a parents consciously builds positive money habits in a child, it is less likely for the child to be financially ignorant as they grow up.

 

[freelancermaria]

It is essential for parents to teach their children how to save, invest, and make practical choices in life. I wasn't taught these skills when I was a child, so I realized the value of saving and investing later in life.

 

[Springtime]

It is essential to teach children good money habits while they are young. They need to learn the importance of saving and how to choose good value for money products. As they grow a bit older, teach them the concept of how investment can help to grow wealth.

 

[Augusta]

It helps them understand the value of money, make informed decisions, and build confidence in their financial abilities,