Experts say you can start kids banking as early as ages three to five. They can already start to embrace routine and habits at this point. “The whole idea is getting set up with a regular savings habit,” says Neale Godfrey, author ofMoney Doesn’t Grow On Trees: A Parent’s Guide To Raising Financially Responsible Children. “Remember when they’re little we’re starting to teach them all sorts of habits: Brush their teeth, get up on time, put their toys away. We save part of our money, that’s a habit too.”Au Revoir, Piggybank: Tips For Your Child's First Bank Account
It is clear to me now, two kids and two different experiences later: our babies are born ready. All they need is for us to be ready to listen, and respond.
I had no idea how infuriating the question “how can I help?” would be when there was a sink full of bottles and an empty fridge. Mom friends to the rescue.
Beyond knowing how to handle a tantrum to avoid public embarrassment, we can begin to view them as a valuable opportunity to teach our children life skills.
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