Friday, May 10, 2013

Teaching Our Children About Money

One teacher has a way.

http://www.myfoxphilly.com/story/22210982/teachers-creative-way-of-teaching-money-lessons

What impresses me is the administrator that allowed it.
I've tried it myself - and gotten in trouble for it.
I've tried money systems (class money, savings accounts, checking accounts) and gotten in trouble for it.

How is your child learning about money?
What does an allowance teach your child?
What if they don't do their chores to earn that allowance?

Amazon has some wonderful suggestions for books:
http://www.amazon.com/Books-Teach-Children-About-Money/lm/RM5SZ3F1COQV7

But this article by Money Magazine gives some simple advice for the rest of us who barely balance our checkbook.
http://money.cnn.com/magazines/moneymag/money101/lesson12/index.htm

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