Springboard is a non-profit organization providing personal financial education and assistance since 1974. The document emphasizes the importance of teaching children basic financial skills early in life to help them make informed financial decisions as adults. It outlines steps and resources for parents to engage their children in money management and financial literacy.

1. Raising a Money Smart Child A Parent’s Guide

2. About Springboard Springboard is a non-profit organization founded in 1974. We offer personal financial education and assistance with money, credit, and debt management through educational programs and confidential counseling.

3. About Springboard Accredited by the Council on Accreditation (COA) Member of the Association of Independent Consumer Credit Counseling Agencies (AICCCA) Member of the National Foundation for Credit Counseling (NFCC) Certified by the Department of Housing and Urban Development (HUD) Member of the Better Business Bureau (BBB)

4. Our Services Include Credit and Debt Counseling Financial Education Programs – Seminars and Materials Debt Management Plans Homeowner Assistance (Foreclosure Prevention) 1-888-995-HOPE or 1-888-995-4673 First Time Home Buyer Education Seminars Reverse Mortgage Counseling Pre-Bankruptcy Budget and Credit Counseling Pre-Discharge Financial Management Instructional Course

5. A child can have solid reading, writing, and math skills, but if they cannot manage their money, they will struggle, even fail as adults. You can change that. You can give them the basic framework to make good financial decisions. Armed with this knowledge, they will avoid financial trouble. You can change their lives. Introduction

6. “ Children and teenagers should begin learning basic financial skills as early as possible. Indeed, in many respects, improving basic financial education at the elementary and secondary school level is essential to providing a foundation for financial literacy that can help prevent younger people from making poor financial decisions that can take years to overcome." -Former Federal Reserve Chairman Alan Greenspan Introduction

7. Is your approach to financial matters calm and rational? Do you argue about money? Neglect savings? Live from paycheck to paycheck? Do you feel guilty about money? Anxious? Afraid? Do you need money to feel “good enough?” Is money a way to express love, anger, guilt, power? Examine Your Money Attitudes

8. Do you overspend? Do you often buy on impulse? Is shopping a pastime or a cure for depression? Is Money the goal or tool to meet goals? Do you pay your bills on time? Do you believe in sharing with the less fortunate? Examine Your Money Attitudes

9. The elementary years are the most impactful time to reach and teach children about money. Why? Young children have no preconceived notions about what they can and cannot learn. By kindergarten children are already experienced in spending their parents' and their own money. They are already consumers. Primary spending (what kids ages 8-12 buy with their own money) is $10 billion and climbing. Influenced spending (what parent's buy at kids' urging) is $250 billion and climbing. Grades K Through 5 Are Your Window of Opportunity

10. Marketers target children as young as 18 months. They don't wait. Do you want to teach them they have choices about money, or do you want someone else to? Spending habits are already set by high school, even middle school. Credit card companies, having saturated the college market, are now going after young teens and tweens. Grades K Through 5 Are Your Window of Opportunity

11. Evaluate your own attitudes about money Involve your child in family financial planning Give your child an allowance Expect your child to contribute to family chores Provide extra income opportunities 10 Basic Steps to Teach Kids Responsibility with Money

12. Teach your child to save regularly Help you child discover the satisfaction of sharing Show your child how to be a wise consumer Teach your child a healthy attitude toward credit Teach your child the value of wise investments 10 Basic Steps to Teach Kids Responsibility with Money

13. Three Milestone Stages Here’s what they should know at three milestone stages , based on recommendations made by the Jump$tart Coalition , a Washington, DC-based nonprofit that promotes financial literacy in children.

14. By Grade 4 Identify the different types and denominations of money. Know about checks and ATM Understand the concept of borrowing money and paying it back. Compare the advantages and disadvantages of keeping their savings in a piggy bank, bank/credit union or with their parents.

15. By Grade 8 Make a short or intermediate financial goal for themselves. Identify examples of taxes on income, goods and services. Calculate simple interest (Math teachers come in handy here) Develop and revise a budget.

16. By Grade 12 Complete simple income tax forms. Reconcile a checking account statement. Compare risks and returns on various savings and investment options. Understand how creditors use credit reports. Compare Annual Percentage Rates (APRs). Identify the balance owed, the grace period and the due date on a credit card statement.

17. Basics of Money Management How to Set Up a Savings Program When/If I Should Start My Child on an Allowance Saving, Spending, Sharing How to Choose Chores Help Your Child Set Up a Personal Budget

18. Jobs Children Can Do Clean out garage Rake and bag leaves Clean outside windows Paint fences Water plants Wash car Feed pets Baby-sit Fold laundry Organize linen closet

19. My Goals

20. My Personal Budget

21. Activity Corner Comparative Shopping Game Coupon Game The TV Commercial Game

22. Parent Resources Credit Union National Association Googolplex.cuna.org Institute of Consumer Finance ICFE www.financial-education-icfe.org Jump$tart.org - Jump$tart www.jumpstart.org/ KidsBank www.kidsbank.com Handsonbanking.org handsonbanking.org/en/ YoungMoney.com www.youngmoney.com/ Children's Books on Money

23. Money Advice for Every Age Group 0 to 4 Years: Involve your children in household chores 4 to 5 Years: Begin giving your child a small allowance 5 to 6 Years: Incorporate the tasks in the weekly allowance 7 to 8 Years: Give child the power to spend their own money 9 to 11 Years: Teach your child about compound interest 12 to16 Years: Can be responsible for their own spending decisions 16 to 18 Years: Now is the time for summer jobs and part-time work 18 and Up: Their all grown up – maybe their first credit card

24. Thank You! Springboard Nonprofit Consumer Credit Management 800-WISE PLAN www.credit.org [email_address]