Tessa Mazachowsky

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Now might be a perfect time to involve children in discussions about saving money and encourage them to practice making their own saving decisions. (Shutterstock)

How to teach saving and spending to kids as young as 3 years old

Tessa Mazachowsky, Brock University and Caitlin Mahy, Brock University

The act of choosing to save or spend money often involves considering a future point in time. Greater focus on saving and budgeting can help children better develop saving skills.

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