| Does money burn a hole in your pocket? If you don't | | | | what money can buy. |
| want money to burn a hole in your child's pocket, there | | | | Second Parenting Tip: Give your child a piggy bank. |
| are things you can do. Inside you'll find parenting tips | | | | Pay him an allowance for doing chores. Teach him to |
| teaching your child to become a saver and build | | | | pay his piggy bank first. Encourage him to save most |
| character too. | | | | of it or at least 10 per cent. |
| Why not teach your children to follow the money - all | | | | Third Parenting Tip: Open a savings account for your |
| the way to the bank. Become a model for saving. | | | | child when she gets older. Take her to the bank and |
| Begin by paying yourself first. That means save what | | | | teach her how to deposit her money. |
| you can. | | | | Bo Derek, the perfect "10" movie star, once kidded, |
| I remember counseling a single mom. She told me | | | | "Whoever said money can't buy happiness simply |
| "Money is so tight." She'd gather her children together; | | | | didn't know where to go shopping." |
| show them the bills she had to pay, how much she | | | | Don't' Worry! |
| could put in savings, and the $20 they could spend for | | | | When your child learns it's better to save for an |
| fun that month. She became an expert at teaching her | | | | expensive item than to buy junk, he'll learn where to go |
| children to build character by being responsible with | | | | shopping too. |
| money. Even if money is tight for you, model paying | | | | Money doesn't have to be the root of all evil. It can be |
| yourself first. | | | | the beginning of wisdom. Paying the bills, taking care of |
| William Somerset Maugham once said, | | | | our families, being generous with the less fortunate, and |
| "Money is like a sixth sense - and you can't make use | | | | having fun together are a few of money's benefits. |
| of the other five senses without it." | | | | You can teach your children the value of money. |
| Seriously, being poor is not a virtue. Being wise about | | | | Saving Money and Building Character Conclusion: |
| money is. | | | | Start when your children are young. Teach them how |
| One mom, an accountant friend, taught her 11 year-old | | | | to count coins. Then have fun with them by playing |
| daughter how to choose stocks. Her child chose her | | | | "store" with their toys. |
| favorite kids' restaurant in which to invest her parents' | | | | Become a model for saving money. Let your kids see |
| money. They followed the stock every day. Within a | | | | the bills. Let them know you pay yourself first by |
| year that stock earned them one-thousand dollars. It | | | | putting a portion in the bank. Give your kids chores, an |
| taught her daughter a new meaning to that old saying, | | | | allowance, and a piggy bank. Encourage them to save |
| "A penny saved is a penny earned." | | | | too. |
| So what can you do? | | | | Open a savings account for them to deposit their |
| 3 Parenting Tips for Teaching Your Kids How to Save | | | | money. Teach them to save for wise purchases. If |
| Money: | | | | you do, you'll be teaching them a valuable skill. You'll be |
| First Parenting Tip: When your child has learned to | | | | building character and money won't be burning a hole in |
| count, teach her the value of coins by playing "store" | | | | their pockets. |
| with her toys. You'll both have fun while she sees | | | | |