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Understanding concepts like budgeting, saving, and investing gives them a sense of control over their financial future. Financial Independence: Being financially literate helps children develop the skills they need to become financially independent adults.
They learn how to manage their money wisely, avoid debt, and plan for their long-term financial goals. Critical Thinking: Learning about money management requires critical thinking skills.
Children need to evaluate options, weigh risks and rewards, and make decisions based on careful consideration. These skills are valuable not only in financial matters but also in many other areas of life.
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