Does your little one earn an allowance, receives cash for their birthday, or has a small side job? It’s important to teach them at a young age about healthy money habits. They will learn the value of a dollar and learn how to save. A good lesson to have with them is to learn the difference between a want and a need.
A need is an item you need to survive like water and food. A want is something that’s nice to have but you can live without it, like a bike or a video game.
Uses the following with your child and go over each photo and talk about whether it’s a want or a need.