It’s never too early to start teaching kids about money. Or at least I don’t think. Kids pick up fast and they observe how their parents handle money.

You don’t have to conduct a formal class or anything but it’s good to just explain things little by little as the occasion arises.

We use our credit cards a lot more than our parents did so that’s a good starting point to explain about how payments are made and settled.

I’ve also talked to my kids about how to save money by comparing cards online at sites like Credit Card Search Engine, and how to do a Credit Card Balance Transfer.

Just keep your explanations short and simple for kids to understand. By giving them a general idea, you’ll inadvertently be inviting questions from them as they come to manage their own money.

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