Must-Have Apps to Teach a Toddler the Value of Money

Parents might think that 3-year-old toddler is too young to earn the value of money since they don't know when do children learn money and its meaning. But the reality is the moment they fully develop the ability to count, which is around 4 years old, is the best time to start teaching a 4-year-old about money. If you just give and don't ask anything in return, your child can easily turn into a careless spender later in their life. Luckily, this can easily be avoided by playing educational mobile games that focus on how to and teach your child the value of a dollar or any other currency. By having fun instead of a boring school-like lesson, your child will soak in the knowledge and be completely ready once the day comes to become financially independent.

Another crucial step besides teaching kids how to spend is teaching them how to save. Important money lessons are plenty and it's your job as a great parent to teach your kid as much as you can. If you teach your child the value of money correctly, not only will they know when to spend, but maybe even more importantly, how to save. An easy way to do that and avoid your kid developing bad habits is to ask them to save for example $10 and then reward them when they manage to do so. Just around the time when they hit preschool is the perfect time for this exercise. If you do it correctly, teaching preschoolers about money will become extremely easy and even fun.

Finally, saving and spending money is one thing, but what about earning money, to begin with? If you wonder how to teach a child to count money, first they need to earn some. Although it might be easier just to give them 1 or 2 dollars, you can easily fall into the trap while trying to do good. By using fun budgeting activities where kids have to do a small chore to get $5, you're automatically implementing the idea that they need to work to earn into their little minds. After they earn their first "payment", you can move on to money management activities for youth ranging from 5 to 12 years old. Even better, you can teach your preschooler about hard work since that's the perfect time when they start getting other responsibilities as well.