The Dubai-based life and careers coach Zeta Yarwood gives her top tips for teaching children about money
Teach them what money really is
Money is not the goal, it does not make us happy and it is not the source of our self-worth. Money is simply a tool that helps us to achieve our life goals. If we don't have enough money, we simply have to look at where we can earn more, spend less or extend the deadline for the life goal if necessary. Giving money any other meaning will lead to a life of pain and suffering.
Pay them for their efforts – not their results
Paying kids for their hard work and not their results helps to build a solid foundation for financial success on different levels. Some children are simply not going to get straight A's. Telling them they'll get Dh100 for every A…
Original published: 10 March 2017 1:05 pm Read the full Dubai News here
Some local news is curated - Original might have been posted at a different date/ time! Click the source link for details.Source: Your Money Blog: How to talk to your kids about money
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