It’s Child’s Play: 8 Ways to Teach Kids Financial Basics

24 May is Alphabet Day in Bulgaria. It’s a celebration of learning, literacy and culture. Knowing how to read and write, getting to grips with Maths are all undoubtedly great achievements. They open up the world to a child.

But you know what? There was a much overlooked lesson I picked up in first grade. I got my first taste of financial independence: it was up to me to decide what to buy with my pocket money and I couldn’t complain to anyone if I chose poorly! With limited funds, I had limited choices. It wasn’t until I started earning my own money 10 years later, that I got more choices, but even then, part time jobs couldn’t foot much spending. The upside of making the most of a small budget is that it made it easier to start saving when I got a full time job. I’ve kept it up.

So how do you help kids learn that? You know, give them a head start in life. Bestow the gift of financial literacy.

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