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Teach your kids the major steps of money management and you will be helping them to become wealthy.

1. Make your kids LOVE to save money. Give them a weekly allowance. Don't make them save all of it , you are trying to teach them to budget. Make them save 10% of their allowance. Then set a goal together that they are saving towards. Like a new bike or doll. Make sure that the goal is reasonable. They will lose interest if it is going to take too long to reach the reward of their saving and hard work.

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