Tip #19: Make Cash Transactions Whenever Possible

In today’s world of credit cards and debit cards, children no longer get a chance to see a cash transaction. This brings us to tip #19.

Tip #19: When purchasing something with your children, make cash transactions whenever possible.

It is hard to believe that a lot of children today never get to see cash transactions. Every once in a while take some cash and let your child see you give the money and the cashier make up the change. Talk about how much the purchase was, how much money was given, and how much change was given back. Make sure your younger children know what a dime, nickel, and quarter looks like and what each are worth. It will be very important in your children’s understanding the true worth of money.