Top 5 Things Your Kids Should Know About Money

No. 5: Cultivate their patience

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Most adults make bad financial decisions that end up costing them dearly simply because they’re too reckless and lack the necessary patience. Often times, such a behavior is instilled early on in our lives and so it is your responsibility as a parent to ensure this doesn’t happen to your child as well. Teach them that waiting is something good; for example, when you kid is throwing a fit because he or she wants a certain toy or candy that very instant, keep your cool and tell them how people who have patience are handsomely rewarded.