With children, you want to emphasize early that happiness comes from friends, family, accomplishments, and experiences -- not excessive consumption. It can help to introduce kids to financial choices and budgeting by giving them an allowance, matching their savings, and, if theyre old enough, encouraging a part-time job or paid chores for neighbors. This helps emphasize that money doesnt fall from the sky; it comes from hard work. Unfortunately, this knowledge is skimped on in schools, and you always have to fight the influence of TV, advertising, and the seemingly ever-present consumer ethos of our society. But if you start early and make an effort, youll be ahead of the game. fool/investing/general/2014/05/11/how-to-keep-your-kids-from-making-financial-mistak.aspx
Posted on: Mon, 12 May 2014 00:12:42 +0000
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