The first thing I have taught my kids about financial literacy is the value of money. They learned that money is the medium that people use to buy items and services as per their requirements. I also taught them that people can’t create money; they have to earn it, and for that, they have to work very hard. Every dollar people earn is the remuneration for the labor they render. So, while spending that money, children should remember that money is something that can’t be wasted. If you do so, you are wasting your hard work.
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