This is Optimal Finance Daily Episode 1513, five ways to involve kids in the family budget

by Chelsea of SmartMoneyMamas.com and I'm your host and personal finance enthusiast, Diana Mariam.

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Five ways to involve kids in the family budget by Chelsea of SmartMoneyMamas.com

Teaching our children's solid financial values, especially when we don't feel like we always have

them ourselves, is a major challenge for a lot of families. It can be difficult to know what

information is age-appropriate, where to start, and how to answer the tough questions kids are so

good at asking. So to make the process a little easier, here are five quick ways to involve your kids

in the family budget. Why involve kids in the family budget? Children have an incredibly difficult

time learning by lecture, especially when it comes to money. In a time of credit and debit cards,

money has become an even more abstract concept than it was when we were kids.

That has made money confusing and mysterious to adults, never mind young kids.

The best way to involve your children in the family budget are going to be any methods that

get them physically involved. For children, if they feel like a valued member of the conversation

and can see and touch your family goals, the lesson is much more likely to sink in.

Remember that the default setting for all growing minds is monkey-see, monkey-do.

If we discuss money with our children inconsistently or make it clear that it is an uncomfortable

subject for us, the first financial lesson our kids will learn is that money is mysterious and

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