Getting started with money:
Winter
2017
ALSO
IN THIS
ISSUE
Three
affordable
ways to
treat yo’ self
at home
The DIY
piggy bank
Budget tips
for baby
clothes
Instant gratification is always okay
Impulse buys aren’t evil (sometimes you just need that salted caramel
latte while you’re out running errands!). But if done in excess, your
kids might get the wrong idea.
Don’t let your children think that it’s okay to spend all their cash
on whatever’s in front of them at any moment.
No cash? Just charge it
Using a credit card for a purchase is easy—too easy. If your children
don’t understand the concept of credit, cards may look like magic
money. Pay attention to how quickly you whip out the plastic, and
explain the importance of paying off your bill every month.
Talking about money is for
adults only
Omitting your young ones from financial
conversations forces them to figure out the
concepts on their own.
Try including your kids in conversations
about things like budgets and bills.
They’ll become more comfortable
talking about money, which may
help them better manage their
own when they get older.
THREE PITFALLS
to
avoid
with your kids
There are no rules.
That’s important to remember when teaching your children about
money. All parents will approach financial education a little differently,
and no one should feel pressure to cover all the “right” lessons.
That said, if the open-ended approach feels like too much freedom,
a good way to start is to simply teach by doing—or not doing.
Here are three money behaviors that can send the wrong
message to your kids:
3
Child
stars who
became
celeb
parents
Published for the parents at
Eagle Community Credit Union