Monday, June 15, 2009
Research: You can teach preschoolers about money
When it comes to money, your preschooler is learning something every day, even if only by watching you at the store. If you want to send a particular message about money's proper use and importance, start now.
A research study released earlier this month by the University of Wisconsin-Madison revealed that very young children--as young as three years of age--are capable of learning key money concepts that help them become financially literate adults. These skills can be developed from social interaction and observation, and parents play a key role.
Take time to teach the basics of sharing, saving and spending. Experts at the Credit Union National Association offer these tips for introducing money as a topic of discussion with your little one: