Basic Money Skills Your Child Should Have by Age 10

The world Financial Literacy Month is not only a time to evaluate your financial skills but also the financial skills of your child. There are certain milestones your child should reach by the time he or she is 10 years old. “In a world where financial security is uncertain at best, ignorance is not bliss.

So however much anxious we may feel about money. We don’t know enough about it. Kids should preserve their innocence as long as possible—we cannot allow these feelings to cause us to pass financial ignorance on to another generation. Here are some of the financial lessons your child should learn by the age of 10.

The ability to differentiate needs from wants

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