Top 3 money lessons to teach your kids | Brampton-News

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We all need our kids to be safe, happy, healthy and effective. One basic approach to enable them to have an incredible future is to encourage them about accounts and how to deal with their cash and savings.

Here are three lessons experts recommend sharing to your Kids.

Protect your information.

Bank accounts and credit cards are defenseless against hacking and fraud, particularly in advanced age. Truth be told, each year, a huge number of Canadians lose a large number of dollars to fraudsters. Teach your kids to never give their personal or financial information over the phone, via text message, email or the internet when someone asks for it unsolicited.

Shop online securely.

Depending upon their age, your kids may as of now be doing some shopping online, regardless of whether it’s simply buying another character or setting in an application or video game. Educate them on the importance of using a secure connection – like their home Wi-Fi or cellphone data – just as setting solid passwords and checking with a trusted adult to make sure it’s safe.

Trust your instincts.

Part of understanding the value of money is having the capacity to a great deal. Be that as it may, stunning offers, amazing limits and unbelievable discounts may flag that the offer isn’t exactly what it appears. Strangely low costs generally level with cheap products or fake products. Free offers may require giving your credit card for shipping. Small tactics like these can prompt enormous benefits for scammers, so it pays to heed your gut feelings – anything that sounds too good to be true usually is.

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