Learning the value of money is incredibly important, and it's something that can be taught at a very young age. Throughout this book, financial expert Loral Langemeier and her daughter Tristin, explain how to teach children financial organization.
Financial organization is a subset of financial literacy. It teaches what money is and how it works. "It's a life skill. It's not taught in school districts. I've taught at universities at the entrepreneurial level and money just isn't taught," said Loral.
Here are some of Loral's helpful money teaching tips:
Begin with a financial filing cabinet
Have four files that are labeled Make Money, What do you do with the short term money you keep, How you spend the money, and Goals and Dreams.
Have your children cut out images from magazines that are relevant to the folders.
Enjoy and have fun with it!