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Kids and Money
What are you teaching your children about money? Parental involvement plays a huge role in the financial education and literacy of young people, and – especially in today’s tough economy – accurate information about money and experience managing money could make a difference in your child’s future financial health.
There’s so much for young people to learn about money, and the best place to start is at home.
- In this section of moneysbestfriend.com, you’ll get advice for talking to young people about money, along with activities and games to make learning fun.
- The FDIC provides some tips for explaining the financial facts of life to your kids here.
- This short article from the website of the PBS program “That Money Show” gives some advice on teaching children about money.
- Forbes.com explains why parents should take time to teach their children about money.
- Children can understand the value of money before they learn to add or subtract, so start teaching them young, says CNN Money.
- Former Federal Reserve Chairman Alan Greenspan says kids need to learn money management early — or pay later.
- Ebony Magazine explains how to teach children the importance of saving and investing.