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  • 1. 7 Success Principles for raising money-smart kids.
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    Terms of Use: Every day, consumers are learning new ways to get more value for their money. From different ways to pay-such as credit, debit or smart cards-to home banking and shopping over the Internet, people are realizing that they have more control over their money and more ways to use it. Parents and caregivers are uniquely positioned to teach kids the life skills, values and understanding they need to become smart consumers. The goal of this series of articles is to help parents and caregi  More...
  • 2. How can I teach my kids about creating wealth?
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    Terms of Use: This article is from a series of articles about giving your children the life-skills necessary to effectively manage their money. To go to the table of contents, click here . Teaching your children about how they can create wealth is critical . The sooner they grasp the concept of wealth and how they can achieve it, the more likely they will be able to control their own financial destiny. Wealth is created by building financial value in assets and rarely created by exclusively work  More...
  • 3. How should I help my child understand what good fiscal behavior is?
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    Terms of Use: This article is from a series of articles about giving your children the life-skills necessary to effectively manage their money. To go to the table of contents, click here . Reinforcing positive fiscal behavior Speak from the heart-if your kids make a decision you would like them to repeat, praise them for it. This is effective for teaching fiscal fitness. For example: Because you took such good care of your backpack this year, I think you will be able to use it again next year.   More...
  • 4. Am I setting a good example for my kids on how to manage money?
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    Terms of Use: This article is from a series of articles about giving your children the life-skills necessary to effectively manage their money. To go to the table of contents, click here . Set a Good Example Financial responsibility begins at home. Whether you realize it or not, you teach children about money constantly, either directly through your spending and saving priorities, or indirectly in casual conversation. Every time kids go to a store, a restaurant or a ball game, they learn about m  More...
  • 5. Do you have any suggestions for paying my child an allowance?
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    Terms of Use: Paying your child an allowance provides them with many positive learning experiences. From understanding how money is earned, how much things cost, determining wants versus needs, the importance of saving, to understanding how to budget, your child can greatly benefit from the experience. Below we have provided some general considerations for paying an allowance: When to Start: You should start paying your child an allowance when they are old enough to help out around the ho  More...
  • 6. How can I teach my kids the basics about money?
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    Terms of Use: This article is from a series of articles about giving your children the life-skills necessary to effectively manage their money. To go to the table of contents, click here . Teaching the basics about money The challenges facing today's parents are not the same as those their parents faced when they grew up. Financial choices that parents make are influenced by choices their parents or other adults made regarding money-positive or negative. Past influences offer no guarantee for fu  More...
  • 7. How can I teach my kids my values about money?
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    Terms of Use: This article is from a series of articles about giving your children the life-skills necessary to effectively manage their money. To go to the table of contents, click here Teaching your children your values about money Money plays an important role in our lives and has come to symbolize a measure of success. How your family spends money is a direct reflection of your family's values and standards. Invest time in defining what success looks like for your family-use both your mind a  More...
  • 8. How can I teach my kids what interest is all about?
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    Terms of Use: This article is from a series of articles about giving your children the life-skills necessary to effectively manage their money. To go to the table of contents, click here . Understanding Interest Understanding interest is another important part of your family's financial education. Both the interest you earn on savings and investments and the interest you pay on your outstanding debt are good lessons for all children. When your child has learned to multiply, it's time for you to   More...
  • 9. How can I help my child develop sound money management skills?
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    Terms of Use: There are several methods that parents can use to help their children develop sound money management skills. Below we have listed some for your consideration: Help your children understand about how to budget their money. Be sure and allocate a percentage for spending, savings and charity. Include your children when creating and managing your family budget. Kids learn best by example. Set a regular time and date when allowance will be paid. This is their income so it is not fair   More...
All information provided through this site is intended to be accurate. However, there may be inaccuracies from time to time which we will make every attempt to correct immediately. Information provided is intended to assist you in making decisions and does not eliminate the need to discuss your particular circumstances with a qualified professional.

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