You are going to make a start in teaching money-handling skills and the value of money, writes parenting columnist Ian Munro. A good way to get this under way is by setting up an allowance or pocket money for your youngster’s contribution to Team Family. By then, I’ve found, they usually have a reasonable sense of what money is about. If this is the way you manage your money, I suggest that you ensure you have coins and notes on hand for smaller purchases when the youngsters are around. Now that certainly teaches the value of money and the concepts of marketing, profit and loss and supply and demand.

Source: Otago Daily Times September 10, 2017 17:03 UTC