Teaching Your Child Money Habits For Life

July 31, 2010

in News

Teaching Your Child Money Habits For Life

For most adults, the first brush with money management came in the form of a porcelain pig. A nickel here or a dollar there for every chore completed or good deed. But financial responsibility, for the most part, stopped with the piggy bank. Many of the Echo Boomer generation – those born between the 1970s and early 1990s – agree that learning how to spend, save, and invest wisely just wasn’t a part of life’s lessons growing up. Piggy banks may not be enough to impress healthy saving habits in young people. Especially these days. So how can you teach your children the importance of saving, accounting for their spending, and self-discipline? Here are some money management strategies and tactics for parents that can help kids take control of their financial futures. [Read this article]

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