I love most of the concepts and ideas shared in this piece about money. But in my opinion, you can start teaching children some monetary concepts before the tooth fairy comes. In fact, I think that might be too late.
Talking about what we NEED to spend money on is something you can start at a very early age. We started this before my kids were in preschool whenever we went to Target. (I know, you are one of the many people who go to Target for one thing and end up leaving with 10 things…maybe some things you didn’t need.) We need to spend money on food, clothing, and shelter. We did not need new crayons. This early dialogue is a great way to start kids thinking about money.
How have you taught your kids about money?
Read this article for more insight.