Teach your child about the value of this money when they’re still young. Make some time to listen to them and correct them, because once a child develops an attitude without supervision it’s bound to go out of your control. Be there to observe and simply tell them, “No, this is not how it’s done” or “Let’s do this”, because that’s how you’ll have made a difference in your child’s life. Their spending and saving habits are dictated by how they are raised, because as the saying goes, “old habits die hard.”

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