Kids and Money Management
One of the guys at work was home sick watching TV, he noticed a big topic on a lot of shows was teaching kids to manage money, so I did a little research to share.
Money gives people – both young and old, decision making opportunities. Paul Richard, author of 15 Ways to Teach Kids About Money says, “Everyday spending decisions can have a far more negative impact on children’s financial futures than any investment decisions they ever make.”
Ways to Help Educate Children about Personal Finance & Managing Money:
1. As soon as children can count, introduce them to money
2. Communicate with children as they grow about your values concerning money
3. Help children learn the difference between needs, wants and wishes.
To read more on 15 Ways to Teach Kids About Money
College Parents of America state, “You people view managing money as a symbol of maturity and independence.”
Tips to Talk to Your Kids about Money
1. Approach the discussion with a positive attitude
2. Set a tone of confidence, openness and trust
3. Laughter always helps. Lighten the mood with a joke.
To read more on 8 Ways To Talk To Your Kids About Money
Family Education also shows some great games to use to help teach your child about money. One of my favorites is “Clip, Save and Teach with Coupons”. This game can be found at Clip, Save and Teach with Coupons.
A great interactive game for kids and parents both on the net is called Moneyopolis. This is a great way for the kids to be interactive in learning math along with money and budgeting.
Happy Money Budgeting and Managing $$$
Money gives people – both young and old, decision making opportunities. Paul Richard, author of 15 Ways to Teach Kids About Money says, “Everyday spending decisions can have a far more negative impact on children’s financial futures than any investment decisions they ever make.”
Ways to Help Educate Children about Personal Finance & Managing Money:
1. As soon as children can count, introduce them to money
2. Communicate with children as they grow about your values concerning money
3. Help children learn the difference between needs, wants and wishes.
To read more on 15 Ways to Teach Kids About Money
College Parents of America state, “You people view managing money as a symbol of maturity and independence.”
Tips to Talk to Your Kids about Money
1. Approach the discussion with a positive attitude
2. Set a tone of confidence, openness and trust
3. Laughter always helps. Lighten the mood with a joke.
To read more on 8 Ways To Talk To Your Kids About Money
Family Education also shows some great games to use to help teach your child about money. One of my favorites is “Clip, Save and Teach with Coupons”. This game can be found at Clip, Save and Teach with Coupons.
A great interactive game for kids and parents both on the net is called Moneyopolis. This is a great way for the kids to be interactive in learning math along with money and budgeting.
Happy Money Budgeting and Managing $$$
posted by Anna at
1:24 PM
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