12 Expert Tips on Teaching Your Children About Money, by Golden Financial Services

www.GoldenFS.orgwww.NoMoreCreditCards.com

Author: Paul Paquin

Tip One: Teach your kids not to waste money.

Shortly after my children found out that I pay every time they turn a light on, they also learned a lot

about wasting money when I charged them a quarter for leaving lights on after they left a room.

Read more at http://nomorecreditcards.com/teaching-kids-about-money-12-tips-from-the-experts/#vTCji5C4IE4b2iV3.99

Tip Two:

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Give your kids an allowance, teach them about having a job and chores.

Assigning a dollar amount to specific tasks rather than giving a flat rate allowance is helpful. In our home, I don’t give my children an allowance

for necessary chores such as cleaning their room. My wife and I feel these self-care activities and cleaning up after oneself are their contribution to the family. However, there are chores that we assign a dollar value to,

such as feeding the pets, cleaning cages, doing dishes, etc.

Read more at http://nomorecreditcards.com/teaching-kids-about-money-12-tips-from-the-experts/#vTCji5C4IE4b2iV3.99

Tip Three:

Give your kids an allowance, teach them about having a job and chores.Assigning a dollar amount to specific tasks rather than giving a flat rate allowance is helpful. In our home, I don’t give my children an allowance for necessary chores such as cleaning their room. My wife and I feel these self-care activities and cleaning up after oneself are their contribution to the family. However, there are chores that we assign a dollar value to, such as feeding the pets, cleaning cages, doing dishes, etc.

Read more at http://nomorecreditcards.com/teaching-kids-about-money-12-tips-from-the-experts/#Gk7iZk1CS5GwPCRy.99

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