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The other day my 3-year-old son said to me, "Just go to the bank and they'll give you money," after I told him we couldn't buy a toy he wanted. I realized it was time to explain to him where money comes from. After all, "it's up to parents to teach their kids smart financial habits," says Jayne Pearl, coauthor of Kids, Wealth, and Consequences. Not sure where to start? Here, Pearl shares the most important money lessons for young children, and how you can help your child ace them.
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