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https://www.facebook.com/EnglishProTipsYes, it is important to reward children with money as it helps them to understand the fact that money can only be exchanged for goods and services and they will learn about financial responsibilities, right? But it is important for parents to balance this by teaching their children about other forms of motivation such as praise and non-monetary gifts to ensure that their children do not develop a misconception that all achievements are tied to financial gain.
Actually, people still use cash nowadays, as using cash helps people with budgeting by limiting spending to what's physically available, you know? However, the growing popularity of digital payments like apps and credit cards shows a preference for their more secure features compared to physical money.
Yes, it is necessary and beneficial to instill knowledge about finance in children as these lessons help children to learn some financial skills like budgeting and planning for the future. Overall, it's a great thing.
Children often begin to understand the importance of money at the age of five or six. These are the ages when they usually start receiving allowances or money as gifts. Later in life, they will learn deeper about the significance of money through lessons and life experiences like lessons at school I mean.
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