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Do you consider yourself to be a spender or a saver? According to a study at the University of Michigan, we develop our spending and saving habits by the age of five. This means that by five years old, kids have already developed emotional responses to both spending and saving money, which may in turn hint at the kinds of financial decisions they will make in the future. So there’s no doubt that parents want to nurture healthy spending habits in children, and lay the foundations for healthy financial attitudes in later life. Sadly, learning how to manage your money isn’t on the curriculum, which means it’s up to parents to take the reins. But how? One solution might be to turn to tech. The Greenlight debit card and app was created with families in mind and helps kids earn money through chores, set saving goals and more. And even better, you can try it out for free for a month before deciding to commit.
