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Teaching Kids About Money Cary NC

Teaching your children about money gives them a lifelong legacy. Starting to teach them about money anywhere from age 4 through 6 is advisable and do consider the following tips.

Board of Licensed Professional Counselors
(919) 661-0820
P.O. Box 1369
Garner, NC
Bratton Mary Lpc
(919) 467-1180
875 Walnut St
Cary, NC
Bolick Counseling Service
(919) 380-0127
1300 SE Maynard Rd
Cary, NC
Dr Toni Rabinowitz
(919) 257-1735
211 Providence Rd
Chapel Hill, NC
Capital Financial Advisors
(919) 657-4201
1135 Kildaire Farm Rd
Cary, NC
Rachel Ford, Ed.S., LPA
(919) 616-4026
1145-D Executive Circle
Cary, NC
Heymen Lynda PsyD
(919) 654-4593
201 Shannon Oaks Cir
Cary, NC
Bobby West and Associates
(919) 395-4614
1145D Executive Circle
Cary, NC
Prices and/or Promotions
$100 per hour

Triangle Stepfamily Institute
(919) 454-7857
1330 SE Maynard Road
Cary, NC
Silber Psychological Services PA
(919) 481-9012
1340 SE Maynard Rd
Cary, NC

Teaching Kids About Money

Teaching your children about money gives them a lifelong legacy. “The more control we have over our money, the less control it will have over you,” says financial expert Sharon Lechter, member of the President’s Advisory Council on Financial Literacy, author and founder of Youthpreneur, an organization that encourages an entrepreneurial spirit in kids. Lechter says it’s important to teach your kids financial literacy because they see you spend money, but they don’t know how to create it, keep it or invest it. “Kids don’t understand the relevance of earning, saving and spending,” she says. Given the influence of the media and peers on kids today, she recommends starting to teach them about money anywhere from age 4 through 6. Consider these tips:

Allowances for over and above.
Don’t hand out allowances for performing the basics of personal and family responsibilities, such as brushing their teeth or doing the dishes, Lechter says. “Give allowances to your kids for showing responsibility over and above their normal responsibility. This could be volunteering to pick up the yard, cleaning out the closet or showing social responsibility such as going through their toys and deciding what to give to Goodwill or a children’s center,” she says.

In addition to allowances, Lechter says it’s easy to build lessons around money into the day-to-day raising of your kids when you consider three more.

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