How to Teach Your Kids about Money

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The concepts of earning, spending, saving, and giving money aren’t just for adults. As parents, you can start teaching kids about money at an early age. In fact, the sooner you begin, the more likely your kids will grow into financially responsible adults.

Published in: Education

How to Teach Your Kids about Money

  1. 1. How to TEACH YOUR KIDS ABOUT MONEY DON’T WAIT, START TODAY!
  2. 2. Earning, saving, spending, and giving away money aren’t just concepts for adults. Kids need to learn about managing money, too.
  3. 3. EARNING MONEY Turn their interests into opportunities to earn.
  4. 4. If your son is a budding artist, encourage him to host an art sale in your living room for family and friends.
  5. 5. SAVING MONEY Show them the importance of saving, and the power of compounding interest.
  6. 6. Help your son or daughter set a savings goal tied to something they really want. Each month, pay interest on the amount they’ve saved to demonstrate how interest can help them meet their goals.
  7. 7. SPENDING RESPONSIBLY Turn trips to the store into lessons in value shopping.
  8. 8. Clip coupons each weekend with your son or daughter. Then let them cash in part of the savings to buy their favorite treat at the grocery store.
  9. 9. GIVING Lead by example when it comes to teaching your kids to be generous with their money.
  10. 10. If your daughter is an animal lover, encourage her to give a portion of her allowance and earnings to the local zoo by offering to match the amount she chooses to give.
  11. 11. SHAPING THE FUTURE These rst steps may be small, but starting early will give your kids the foundation they’ll need to make smart nancial decisions for the rest of their lives.
  12. 12. For additional information on raising a nancially responsible family, visit regions.com/mygreenguide
  13. 13. © 2014 Regions Bank This information is general in nature and is provided for educational purposes only. Regions makes no representations as to the accuracy, completeness, timeliness, suitability, or validity of any information presented. Information provided should not be relied on or interpreted as accounting, nancial planning, investment, legal, or tax advice. Regions encourages you to consult a professional for advice applicable to your specic situation.

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