|
Your Kids Will SeeMoreMoney When.......
 You Teach By Example
They watch you being smart about money.
You live within your means with an eye for the future.
You do what it takes to feel comfortable and clear about your financial situation.
You speak positively about money in front of them.
You teach them about money in fun ways without lecturing.
You involve them in everyday money decisions and activities like grocery shopping or buying a new TV.
You don’t argue with your spouse about money in front of them.
You close the gaps in your own knowledge of earning, saving, and investing.
You take a “beginner’s mind” approach to learning about the basics of money alongside your kids.
You explain money to your kids in ways they can understand.
They, like you, learn to put their money where their values are.
They Play with Money
The kids (over age 3) regularly gather, count, sort, and wrap all of the loose change in the house.
You buy them individual stocks (at least one share! through Dividend Reinvestment Programs) in companies that interest them (like Disney, Kellogg, McDonald’s, etc.).
They understand the value of money and the difference between value-priced and status-priced items.
When they ask for impulse purchases, you say, “Did you bring your money?”
You sometimes extend them a loan when they want to buy something worthwhile, but don’t have cash.
They consistently receive a weekly allowance of $1 per week per year of their age.
You keep cash on hand to pay their allowances effortlessly.
They’re encouraged to systematically save part of their allowance.
They’re encouraged to systematically donate part of their allowance to charity.
They withdraw their weekly spending money from their own checking account.
They start saving (a little!) for retirement before they’re out of elementary school.
They’re Money Smart
They have fun doing mental math, and practice with you as a game.
 They understand the basics of business.
They understand borrowing and leverage.
They learn how to save and spend their allowance effectively.
They can beat you at all the money board games.
You, their parents, allow them to make their own choices (and mistakes!) in certain money matters.
You study their investment portfolio together and they have an opinion about where to invest their college accounts
Together on Friday nights, you watch videos and DVD’s about money.
They plan for major purchases like their first car, their education, and their first home, from the time they’re young.
They learn to use the internet to be informed investors by learning about stocks, researching companies, and watching the market.
Ruth Lane-Wierzba
Denver, Colorado, USA
ruth@seemoremoney.com
303-699-5525
|
