EssentialsApril 7, 20265 min read

Essential Finance Concepts to Teach Your Kids

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Gollak Team

Family Finance Experts

Money is a language. Here are the words every kid should learn first.

The Core Concepts

  • Earning — money comes from effort or value
  • Saving — putting some away for later
  • Spending — trading money for things you want or need
  • Budget — a plan for where money goes
  • Goal — something worth saving for
  • Need vs. Want — the foundation of every spending decision
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