when should you first be taught about money
Answers
Answer:
Children begin to form their lifelong money habits as early as preschool.
Parents start teaching their kids about money as young as 3.
Answer:
The correct answer to the question-"When should you first be taught about money" is-
Middle childhood .
Explanation:
The best time to teach about money is -Middle childhood. That is between 5 and 12 years, which certainly does not mean above 12 years because at age above this ,children develop there deep-rooted habits and have in turn they get converted into consumers.
When individuals develop the basic personal financial skills, which is one of the most important things we can do to live a healthy, happy and secure life.
As said by Joy Liu, the Concept of Money and Exchanging It for Goods. should be taught to kids between 3 to 4.
This teaching children about money develops there knowledge and skills , so that they learn to manage their money effectively for the future. Children who are better with money tend get the responsibility for spending and saving money from an early age.
To know more about developmental decline and ageing click on the link given below-
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