Monday, May 11, 2015


Parents’ worst fears are that their child will grow up spoiled.  The fear strikes at the heart of one of the most challenging and baffling parental topics to teach: money.  Teaching kids about money is, at root, a values issue.  It’s more about teaching priorities and proper way to live.  Here are some ideas on teaching children the value of money:
·         Manage the allowance
·         Do not tie allowance to chores
o   It will break down once the child decides she would rather skip the chore and forgo the allowance.
·         Fostering entrepreneurial spirit and work ethics
·         Teaching about needs versus wants.
·         Wait for things
·         Explain household income to children
·         Model good financial habits yourself.
Shared article by:
Gregory Karp
Family, Star 2
Friday, 6 March 2015

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