5 Ways To Help Your Child Understand The Value Of A Dollar

Good Things Come From Those Who Wait

Good things come from those who wait is a good strategy for teaching kids about the value of money, as it allows them to see the value of a dollar as it works for them. For example, say your child is careless with their tablet, leaves it lying around, doesn’t seem to care if it gets wet, and has almost dropped it a half dozen times this week alone. They're going to break it because they think they can just get a new one. Instead of this, try saying to your child they have to earn the money needed to replace it if they break it and want a new one. It takes time to earn enough to get what you want, and suddenly the new tablet will be so much more important. Your child will think of all the hard work they put in to get that tablet, and will appreciate the next one a lot more.

Continue reading to learn how negotiating comes into play with the value of a dollar.