Six Important Money Lessons To Teach Your Kids [Infographic]

Six Important Money Lessons To Teach Your Kids [Infographic]
To sign up for our daily newsletter covering the latest news, hacks and reviews, head HERE. For a running feed of all our stories, follow us on Twitter HERE. Or you can bookmark the Lifehacker Australia homepage to visit whenever you need a fix.

Kids are ready to learn about saving, spending, and more at fairly young ages — but they need your help to really understand. This graphic gives some great suggestions for lessons you can teach kids at each age.

For example, they suggest that three to six-year-olds may be ready to save up for a toy by putting money into an envelope with a picture of the toy on it. When they hit five, they’re probably ready to start working small jobs around the house to earn extra spending money.

The suggestions go on up to giving your 11 to 13 year old a budget for holiday gifts, and comparing college tuition prices with your teenager.

[Via OnStride Financial]