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Saving Vs. Investing: A Parent’s Guide To Teaching Kids About Money
- As parents, we teach our kids countless life skills, from riding a bike to tying their shoes.
- Introducing kids to financial concepts like saving and investing early on can set them up for lifelong success.
- At its core, saving is putting aside money in a safe, accessible place — whether that’s a piggy bank, jar, or savings account.
- Kids naturally understand the idea of saving for something special, making it a great starting point for financial education.
- Investing is about making your money work for you. When you invest, you buy things like stocks, bonds, or other assets, with the goal of watching your money grow over time.
- Saving alone doesn’t teach kids the power of growing money for bigger future goals.
- Investing teaches kids the value of patience and long-term thinking, helping them understand the concept of delayed gratification.
- One of the most valuable lessons you can teach your kids is knowing when to save and when to invest.
- Saving is perfect for short-term goals, while investing is better for long-term aspirations.
- Teaching your kids the difference between saving and investing is one of the greatest gifts you can give them.
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