The best way to help children understand money is: The children should manage their own weekly allowances.
When talking about money, it is always good to teach children about the use of money as early as possible. This is to enable them to start attaching the right value to money and learning about savings as early as possible.
Now, the best way to teach children about money management is to allow them manage their own money. This is good because experience is often said to be the best teacher.
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