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How do you explain inflation to a child? Andrea Scott, of Baltimore-based Brownstone Tax and Financial Services, said the best approach is starting your kids off early with a basic understanding of money, saving and spending so they can approach situations like inflation or other setbacks with planning, not panic. “I have a 9-year-old grandson, and right now he’s into Roblox and Minecraft, and those games where (eventually) they want money” within the game, Scott said. She offers a financial training class for people ages 9-21 called the Green Dollar Project, which focuses on money management, banking and credit and more. “I explain to him that when he borrows money from me for that, that means he has the responsibility to pay it back. He can grasp that. When you wait until they’re older and starting to work, it can be harder.” Read all the details by clicking the link in our bio. ✍: @lesliegraystreeter 🎨: @lailamilevski
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