A few years back, parents had their kids to drop cash in piggy banks to teach them how to save. Technology, however, has changed the story.

Saving money in the age-old piggy bank is no moving towards the digital trend. Today, kids do not just own piggy banks. They have a junior savings account in banks too.

Meanwhile, on online purchases, the TRowe Price 2014 annual survey of parents and kids financial behaviors found that 54% of children purchase mobile apps and make in-app purchases, and 41% use their mobile phones to make general purchases.

With kids downloading music, using smartphones, playing games, and making purchases at their fingertips, teaching money the digital way is a great means for parents to inculcate financial literacy in them. Indeed, teaching money begins at a young age.

Learn how to make money lessons fun and engaging for your children in the digital era with a visual guide made for parents by PawnHero.

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