http://www.scpr.org/programs/airtalk/2010/04/08/how-to-teach-your-kids-about-money/
Personal finance columnist Kathy Kristoff joins David Lazarus in a discussion on how to teach kids about money. There are a number of good ideas and recommendations that you can easily implement in your family.
My personal favorite is the idea of setting up a Family 401K Plan. Kathy suggests a simple savings matching plan. Whatever amount your kids save at the end of the year will be matched by an equal parent contribution which sounds like an excellent incentive to save.
In closing, Kathy reveals that her number one money lesson for your kids:
"Balance: Use money as a tool, make it make your life better; realize that you don't work for money, money works for you."Sounds like the perfect money mantra for parents as well...
No comments:
Post a Comment