How Do You Teach The Value Of Money To Kids?
Over the years I’ve witnessed the offspring of many friends and relatives display an inability to handle money. The number of youngsters I’ve known that grew to adulthood without the ability to make regular payments on their home mortgage, pay their credit card bills without incurring interest and penalties, or even balance a checkbook, is frightening. Begin your indoctrination early. There is no more accurate truth than the ancient adage: As the twig is bent, so grows the tree. As soon as your progeny develop an awareness of what is going on around them, they are entitled to instruction and guidance on the realities of the financial world. In your guidance, truly mean what you say. Whether or not you believe it, your children really pay attention to what you say and do. As the first authority that normally appears, a parent becomes a model on which the child fixates. It’s important to realize, however, that your counsel must be consistent for the lessons to be learned. To preach thrif
