10 Quotations for Teaching Kids Money Management with Good Good Piggy (2024)

FAQs

How to teach kids about money management? ›

Sir Claus Moser, said, “Education costs money, but then so does ignorance.” I once saw a similar quote on a bumper sticker, “If you think education is expensive, try ignorance.” Aristotle once said, “Education is the best provision for old age.”

Martin Luther King, Jr. If we command our wealth, we shall be rich and free; if our wealth commands us, we are poor indeed. Money often costs too much. A good reputation is more valuable than money.

Wealth belongs to the person who enjoys it and not to the one who keeps it. It is not the man who has too little, but the man who craves more, that is poor. Wealth is but dung, useful only when spread about. It is not what we take up, but what we give up, that makes us rich.

Healthy money management habits are essential for avoiding debt and achieving financial freedom as an adult. However, these skills do not come naturally, and they are challenging to get accustomed to, which makes it crucial to teach financial literacy to your kids.

It can help them make better financial choices

Teaching kids the basics of money management can help them develop the skills necessary to achieve financial success later in life.

“Don't save what money is left after spending. Rather, only spend the money that remains after saving funds.” (Warren Buffett.) 14. “If you want to get rich, think of saving as earning”.

What is the money knowledge quote? ›

The money you make is a symbol of the value you create. Your worth is not what you have, but who you are. Knowledge is wealth, wisdom is treasure, understanding is riches, and ignorance is poverty.

'You must gain control over your money or the lack of it will forever control you. --Dave Ramsey' Po.

PEOPLE WILL ASK HOW MUCH YOU EARN, SO THEY CAN CALCULATE THE LEVEL OF RESPECT THEY CAN GIVE YOU. Money can't buy happiness. But it can win the respect from others that bring you happiness.

Money is a mode of payment accepted by both sellers and buyers for goods and services. Money is what we give in return when we buy stuff like food, clothes, house, groceries, etc. We give money in return for purchasing anything. This is a simple trade or exchange.

"Early to bed, early to rise, keeps you healthy, wealthy and wise." "A penny saved is a penny earned." "Money is better than poverty, if only for financial reasons." "Lack of money is the root of all evil."

Giving kids financial knowledge sets the tone for success. Knowing the basics at a young age — costs of expenditures, how to read a price tag, counting change, understanding the importance of both saving and giving — can help your child practice those important life skills while still safely under your wing.