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Teaching Kids About Money – 12 Tips from the Experts

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Properly managing money is an important life skill and you will find opportunities to teach your children about money from an early age. Since we have been in business, Golden Financial Services has helped thousand’s of Americans get out of debt. When consumers come to us, most of them have no idea how they accumulated so much debt or how to resolve it.

It is important to teach budgeting and money management to our children so they can practice responsible spending and saving money before they get themselves in over their head. The earlier you start talking to them about managing finances the more likely they are to make healthy financial choices as a teen, and beyond when they are no longer interested in your input.


Read more at http://nomorecreditcards.com/teaching-kids-about-money-12-tips-from-the-experts/#rt1hHzMr8qigDMar.99

Veröffentlicht in: Kleinunternehmen & Unternehmertum
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Teaching Kids About Money – 12 Tips from the Experts

  1. 1. 12 Expert Tips on Teaching Your Children About Money, by Golden Financial Services
  2. 2. Tip One: Teach your kids not to waste money. Shortly after my children found out that I pay every time they turn a light on, they also learned a lot about wasting money when I charged them a quarter for leaving lights on after they left a room. Read more at http://nomorecreditcards.com/teaching-kids- about-money-12-tips-from-the-experts/#vTCji5C4IE4b2iV3.99
  3. 3. Tip Two: Read more at http:///#vTCji5C4IE4b2iV3.99 Give your kids an allowance, teach them about having a job and chores. Assigning a dollar amount to specific tasks rather than giving a flat rate allowance is helpful. In our home, I don’t give my children an allowance for necessary chores such as cleaning their room. My wife and I feel these self-care activities and cleaning up after oneself are their contribution to the family. However, there are chores that we assign a dollar value to, such as feeding the pets, cleaning cages, doing dishes, etc. Read more at http://nomorecreditcards.com/teaching-kids-about-money-12-tips-from-the- experts/#vTCji5C4IE4b2iV3.99
  4. 4. Tip Three: Give your kids an allowance, teach them about having a job and chores. Assigning a dollar amount to specific tasks rather than giving a flat rate allowance is helpful. In our home, I don’t give my children an allowance for necessary chores such as cleaning their room. My wife and I feel these self-care activities and cleaning up after oneself are their contribution to the family. However, there are chores that we assign a dollar value to, such as feeding the pets, cleaning cages, doing dishes, etc. Read more at http://nomorecreditcards.com/teaching-kids- about-money-12-tips-from-the- experts/#Gk7iZk1CS5GwPCRy.99

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