Encourage children to set financial goals from "summary" of The Opposite of Spoiled by Ron Lieber
One of the most important lessons we can teach our children is the importance of setting financial goals. By encouraging them to think about what they want to achieve with their money, we are helping them develop a sense of purpose and responsibility when it comes to finances. This can be a powerful tool for shaping their relationship with money and helping them make wise decisions in the future. Setting financial goals can give children a sense of direction and motivation when it comes to saving and spending. Whether they are saving up for a new toy, a trip, or even college tuition, having a clear goal in mind can help them stay focused and disciplined in their financial habits. It also teaches them the value of delayed gratification, as they learn to prioritize their goals over immediate wants and desires. In addition to teaching children the importance of setting f...
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