DFWChild February/March 2022

noted. RIGHT ON THE MONEY

Preparing young kids to understand spending and saving ISTOCK

WORDS

VICTORIA TONG + ALEXIS PATTERSON

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T’S A PROBLEM VIRTUALLY EVERY PARENT ENCOUNTERS WHEN THEY RUN INTO A STORE. Your child spots something they

want. Let the pestering and begging begin, right? Most kids don’t really need another toy. But there’s something else that’s annoying about the “can-I-haves.” Kids often don’t really understand that toys cost money and that money isn’t unlimited. Spending even a little here and a little there adds up. Hey, that’s a lesson some adults struggle with too. While there’s not much you can do in the moment (insert in-store meltdown here), there is something you can do over time: teach them about spending and saving. There’s a lot to understand, but you’ll be doing your child a favor in the long run. In our next issue, we’ll cover everything from credit cards to cryptocurrency—here, we start with the basics. DFWCHILD | february/march 2022

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