| Even if they don't agree on anything else, most parents will concede that financial responsibility is a vital part of every child's education. Former stockbroker Willard Stawski II, father of five and president of a company that produces fiscal-literacy tools for youngsters, believes such behavior ultimately stems from the way a family sets priorities and communicates lessons regarding them. He also contends financial literacy is a key component in everything from enhanced self-esteem to successful interpersonal relationships. In Kids, Parents & Money, Stawski outlines a step-by-step program that can be used to teach proper earning, saving, and spending habits and tie them all together. Starting with development of a team mission statement and financial plan, he addresses age-appropriate goals and conduct--"From about age four, children start to comprehend material value," he writes, and that's when they "also must be shown the offsetting financial principles that govern the material world"--along with allowances, suitable remuneration for work around the home, budgeting, record keeping, and even investing. Clearly defined chapters focus on a specific topic and conclude with simple exercises that reinforce its principles. A related Web site contains interactive materials that also can be used to aid the process. --Howard Rothman |
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Teaching kids early about the pitfalls of money and its affects on life are a great idea. Kids just see money as a tool to obtain what they want rather than what thye may need in the future, Good Blog!
is the best article I have ever read .. it helped me very much thank you.