Every parent wants their child to succeed in life --but how do you teach them the value of a dollar? Modern Mom offers a few suggestions for financially-savvy kids!
--Start Early. Experts say the sooner you teach the little ones about cash, the better. A side benefit is that it also gives them real-life experience with another important subject --math!
--Open a Bank Account. This is a great way to start a discussion about money, banking and how to hold on to what you have.
--Pay for Performance. Doing chores for free is an important life skill and shows your little bundles of joy that it's their job to pitch in and help out. If they do "bonus" jobs, hand them a little change as an incentive.
--Goals. Does Junior really want the latest Wii game? Don't automatically make an early-morning run to Wal-Mart and part with your hard-earned duckets. Have them set goals so they can understand the concept of saving.
No comments:
Post a Comment