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YOUR COMPLETE MONEY MASTERY BLUEPRINT: FINANCIAL LITERACY FOR TEENAGERS (2ND PART)

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Introduction   Welcome back, in our last post we discussed the first 5 points on your Complete Mastery Blueprint:Financial Literacy for Teenagers, and we would be discussing the remaining 5 points today. We hope you and your teenagers learned a lot from the last post. fasten your belt and let's enjoy the ride together. 5 FUNDAMENTALS OF FINANCIAL LITERACY FOR TEENS  1. Explain compound interest to them Our financial system is based on compound interest. Compound interest is one factor that impacts the values of loans and investments on the other side of the horizon. Making sure they comprehend it doesn't just mean teaching them how to calculate compound interest. Young children can be helped to grasp compound interest by using real-world scenarios in which they are either directly or indirectly involved. For instance, if you own dividend stocks in your portfolio, you may demonstrate to them the benefits of reinvesting dividends to increase the investment's gro

YOUR COMPLETE MONEY MASTERY BLUEPRINT: FINANCIAL LITERACY FOR TEENAGERS (1ST PART)

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Introduction  Financial literacy and accountability are essential life skills that must be taught, much like many other talents. If you are a parent of a teen, you should be aware that the teenage years are the best time to teach your child about money. Time flies, and before you know it, they will be adults who must manage and make their own financial decisions. Only one in ten youngsters in the world according to studies, can be considered financially educated. Continue reading if you don't want your child to join the other 90% of teenagers. Let's discuss the 10 fundamentals of financial literacy for teenagers. 5 Fundamentals of Financial Literacy for Teens would be discussed in this post. The remaining 5 would be discussed in our next post  Let's examine teen financial literacy and the lessons you should educate your young children. Collectively, these lessons will aid children in comprehending the value of money and financial planning. Your teens will be g

7 WAYS TO TEACH KINDERGARTNERS AND ELEMENTARY PUPILS ABOUT SAVING MONEY

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Introduction  Part of being a good parent is educating your children about money. Since someone else will if you don't, and there's a strong chance that the person can't teach what you would like to teach your children about saving culture  Below is how to help your children have a saving attitude or culture  How to Introduce Savings  to Preschoolers and Kindergarteners   1. Save In a Transparent Container. Although the piggy bank is a fantastic idea, children lack a picture. They can watch the money expanding when you use a clear container. They had a $1 bill and five dimes yesterday. They have a quarter, five dimes, and a $1 bill today. Discuss this with them and emphasize how it's increasing!   2. Be a Role Model. According to a University of Cambridge study, kids start developing good financial habits around the age of seven. You are being seen by little eyes. They'll ultimately notice if you put down plastic every time you go to the grocery st