Investing News Blog

Thursday, October 05, 2006

Kids and Money

Al Jacobs has written an article on ways to help ingrain the value of money into our kids from early in life. If we don't at least try to help our kids learn about money and the spending or saving of it, they may never be able to control it properly. I guess the problem is many parents have problems with money themselves so any habits their kids are taught could be bad ones.

How to Teach Kids the Value of Money
"I'’ll admit, up front, that the care and feeding of juveniles is not my recognized specialty, though perhaps I can claim pseudo-expertise on the subject —somewhat akin to the late comic Jimmy Durante from his quotation: "“I ought to know something about teenagers; I'’ve been one all my life."” Nonetheless, money is my field of expertise, and indoctrination into its proper use by youths of all ages is fundamental if they are to mature into financially responsible adults. Apparently the habits developed early in life become indelibly ingrained, and there are few capabilities more important than the wise use of assets." On the Money Trail

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