Do kids a favour: Teach them to save

Teaching children to save money is easy when you have a plan. Tell them they are going to start to get an allowance and you are going to show them how to be responsible with money.

Start by making up a three-column (credit, debit and balance) financial ledger. You can buy this Treble Cash journal at an office supply store or just set it up on the computer on a spreadsheet, whatever works for you.

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