Just the presence of subtle clues about money such as a poster with photos of cash on it, impairs your ability to solve puzzles or other complex problems.
People who are preoccupied with thoughts about money are less helpful than other people, in general. These are important concepts to understand when teaching your children to manage money.
By offering allowances early in life and teaching them about how money influences behavior, you can shape their attitudes about it.
When giving kids allowances, consider dividing the amount and let them spend one-third, save one-third and donate one-third. Once kids develop the habit of saving and donating, they’re well on their way to being financially responsible adults.
These skills are built over a lifetime, so start now!
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