tod 0381

tods5eshoes · Wysłany: Nie 14:29, 13 Mar 2011 Temat postu: tod 0381

Should you Talk to Your Kids About Money?
Money is often a big issue in many households. Some families struggle a lot with finance issues. They get into heavy debt and end up declaring bankruptcy, or one spouse excessively spends causing the other to stress out about getting bills paid. Some families need guidance with their own money while others are able to plan things out effectively and pay for things necessary.
What about the kids? Do you have kids in your home that are very young or maybe a little bit older? Should you talk to your kids about money? Most parents rarely bring up the money issue. The only time they ever talk about money is when they are telling their kids they won't give them money for something. Money and finance just seems like a very unimportant issue behind other important raising kids issues.
You should be talking to your kids about money, no matter how old they are. If you have trouble with money, have had trouble with money, or know of people who have trouble with money, you should understand what poor money knowledge and decisions can do to someone's life. Those who are shopaholics, or who can manage their money are the same people who never learned how to manage money when they were kids. You can prevent your children's future financial illiteracy by talking with them and teaching them now.
If you have very young kids, around 3 to 7, you are in a perfect position to begin. In s[link widoczny dla zalogowanych]l, they learn how to count money, but not much less. Give your kids an allowance every week or pay them to do extra chores around the house. Teach them to save a percentage of what they make for the future. Teach them the importance of saving and that it's a necessary part of life. Don't buy them the things they want and ask for, let them save for it. Another great idea is to open up a cus[link widoczny dla zalogowanych]ial brokerage account and buy them a few stocks. Let them buy their own as well and teach them about the stock market.
For older kids, 8 to 14, continue to enforce saving. Teach them to make savings goals such as saving for their future car or college. If they are looking for more money, help them set up a small business such as lawn mowing, shoveling snow, or babysitting. Talk to them about the positive things they can do with their money and the problems that can arise so that they can avoid them.
As they get older and reach high school, encourage them to build their business, or get a job. Have them pay for things like car insurance, gas, a cell phone, and things like that. If they grow up having to manage their own money and pay for things themselves, they will have the experience to be careful with their money when they grow up. Teach them about credit cards and how credit works. Don't get them a credit card, if they really want one, they can get one when they are on their own.
It is very important to talk to your kids about money. Whether you feel it's a subject not to be discussed or you just don't feel comfortable about it, get over it. You will be doing your children a huge favor by teaching them financial responsibility. If you want to know more about family money management, go to FinancialPlanningMadeEasy. infofor more information.Topics related articles：

[link widoczny dla zalogowanych]

[link widoczny dla zalogowanych]

[link widoczny dla zalogowanych]