Monday, May 21, 2012

Teaching Kids About Money

Teaching Kids About Money – What’s your strategy?

Do you have a strategy in place for teaching kids about money?  Whether you have one or not, are you aware that you’re already teaching them about money?  This is happening because your kids are watching and copying everything that you do!  They are paying attention to all of your actions and making notes and will quickly begin to copy you.   This is actually starts from the moment they’re born as they start modelling your actions by way of very basic moves (for example sticking their tongue out.)

Next time you go to the store and take out your credit card or cash, remember that your children are watching you.   Do you explain to them the difference or what happens when you use a credit card? What about when you go to an ATM, do you teach them where the money has come from or do they think that money just comes out of a machine in the wall?  When you have discussions with your partner about how to pay your bills or clear your credit card, your children are learning from you.

We now know that a child’s peak learning phase is from 0 to 7 years, so often before they can talk they have learnt many things that they will use for life.  Are you teaching your kids the best lessons when they can learn most easily?

The first step is to get access to the right sort of information to allow you to teach them all these valuable skills.  That is the reason we have created this FREE emagazine. Each month we email you a copy and you can flick through it on your computer, or print it out if you like. Every month we have more and more people comment on how it is helping them with their kids money skills.  We have even had some adults say they have used some of the tips themselves!

Sign up for our month eMag now.  Fill in your details in the form and if you ever decide that you no longer want to receive it you can easily unsubscribe with one click.  We value your privacy and will keep your details 100% safe.  Get your eMag now.

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kids make money November 15, 2010 at 9:00 am

First and for most encourage your kids to save a portion of their weekly or monthly allowance. To motivate them to save you can implement a “matched savings” program wherein you match whatever money is left from your children allowance and add it to their savings.

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