Kids who have self-awareness do a better job self-monitoring. That means your child is able to keep track of what he's doing (either in learning or socially) and figure out what's working and what's not working. Self-awareness also leads to self-reflection.
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26 Questions to Help You Know Yourself Better - self knowledge is so important! It's worth taking time to better understand who you are and what you want in life. You'll be happier and more productive!