Teaching Kids About Money Hickory 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.

Solutions of Hickory, PA
(828) 328-4313
326 2nd Avenue NW
Hickory, NC
 
Freeman Douglas J Phd
(828) 322-8736
106 3rd Ave NE
Hickory, NC
 
Solutions of Hickory
(828) 328-4313
36 14th Ave NE
High Point, NC
 
Comprehensive Learning Assessment Associates
(828) 328-2878
231 4th St SW
Hickory, NC
 
Catawba Valley Behavioral Healthcare
(828) 695-5900
3050 11th Avenue Dr SE
Hickory, NC
 
Dessoffy Judith H Ma Lpa Ofc
(828) 324-6397
321 7th St NE
Hickory, NC
 
Owensby Amy Lpc
(828) 322-8736
106 3rd Ave NE
Hickory, NC
 
Benfield & Podger Associates
(828) 304-9096
1985 Tate Blvd SE
Hickory, NC
 
Mystic Ridge Counseling
(704) 462-4200
Hickory, NC
 
Adolescent and Adult Women's Care
(828) 485-2270
1052 13th St SE
Hickory, 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.

Click here to read the rest of the article at SuccessMagazine.com