Sunday, October 06, 2024
Help your child account for money
Giving a child an allowance is one way to teach financial responsibility. But you may not always have the right cash on hand. Create an "account book" for your child. On the first day of the month, "deposit" your child's allowance by writing it in the account book. When your child wants to make a purchase, show how to record the amount in the book and subtract it from the total. Then, you can pay for the item. Your child will learn to track income and expenses and practice math skills at the same time.