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Make Learning About Money Child's Play
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In fact, experts recommend not giving money for absolutely every chore done around the house. Everyone needs to pitch in and understand that they must do their part as family members. As they amass money, preferably in a clear bank where they can see it, create a "mock" trip to buy items, marking toys and other household items with a dollar value and helping the child make a decision on what to "buy." Then make change. As the child takes these lessons out into the real world, help him make purchasing decisions. Might he want to spend his $2.00 on vending machine junk or save for another week and buy the action figure he really wants? Allow your child to make his own decisions with the understanding that when it's gone, it's gone.
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