How to Use Kids Budgeting To Train Them About Finances

It is our responsibility to teach about how a children budget works and also about how money works in general. The earlier we start the better they understand and will be wise with what they do with their money. We start teaching our kids from the time they start pointing at things (about 9 months old) if they are allow to have what they want. This is because we are responsible for their well being. By the time kids reach two years of age they are renown for the "terrible twos" because tantrums usually get them what they want (if we give in to them) or they have learnt the very important word "NO" from us.