Teaching Kids About Money Mooresville 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.

Christian Counselors of Mooresville
(704) 658-0238
222 Southside Avenue
Mooresville, NC
 
Pastore Vincent L Phd
(704) 662-3433
116 S Main St
Mooresville, NC
 
Rogers Camilla Phd
(704) 799-9804
109 Professional Park Dr
Mooresville, NC
 
Hutcheson Elizabeth C Acsw Lcsw
(704) 664-7084
116 S Main St
Mooresville, NC
 
Miracles Inc Healing and Counseling Center
7046641009 ext 11
134 Professional Park Dr. Suite 400
Mooresville, NC
 
Insight Human Services
(704) 660-1020
610 E Center Ave
Mooresville, NC
 
Russell Betty Wright L B W L M F T Ph D
(704) 664-7148
363 Williamson Rd
Mooresville, NC
 
Meeds Pamela J Psy Dpa
(704) 662-0124
116 S Main St
Mooresville, NC
 
Moyer Stephen M Phd
(704) 663-3600
116 S Main St
Mooresville, NC
 
Hope Family Counseling
(704) 677-0927
112 S. Old Statesville Rd
Huntersville, 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