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12/01/2020


The best way to develop healthy habits that will last until adulthood is by starting from a young age. Managing money can be challenging, but luckily, there are simple things you can do to start helping your child understand how to spend money wisely. There are simple tips you can follow and things you can do to start his process. Learn more by reading this article that The Tutoring Center, Commack, NY, has for you today.

Give Your Child Commissions

Instead of giving your child pocket money, give them commissions based on chores they do. These chores can be helping you cook, taking out the trash, cleaning their room, and more. By giving your child commissions, you help them understand that money is earned and not simply given.

Use a Jar to Save

Using a clear jar to save money is a great way for your child to see how much money they have and how it grows as time goes by. Being able to see their savings will encourage your child to keep saving. Also, give your child words of affirmation and help them make a savings plan to have a goal to work towards.

Differentiate Needs versus Wants

It can be challenging to teach children the differences between 'wants' and 'needs.' Many children spend all their savings at once, as they don't have a clear idea of managing money. However, children need to learn to differentiate the two terms as it will allow them to learn how to spend their money wisely.

Help Your Child Improve Their Math Skills by Enrolling Them in Tutoring in Commack, NY

For more advice and to learn about the many benefits of tutoring in Commack, NY, speak with an expert at The Tutoring Center, Commack, NY. Ask about fantastic academic programs and schedule a free initial diagnostic assessment by calling (631) 543-4333 today!

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