Teaching kids about money by getting them involved – CNN.com: “A major part of the financial distress of many Americans, experts say, is that they never had good lessons on saving and spending when they were growing up.

There are signs that the current generation of young people may have a better education. Although a personal finance class was a requirement for high school graduation in only seven states last year, according to the National Council of Economic Education, alternatives such as camps, interactive Web sites and investment programs targeting children are emerging to help fill the gaps.

Still, classes and other activities can only do so much. For good financial practices to really take hold, parents should lead by example and include their children in household money matters early on, according to those active in finance and financial education programs.

‘Kids need to get involved with money and they need to handle it,’ said Bob Nusbaum, a financial planner in Pittsburgh, Pennsylvania, who said exposure can start as early as age 4 or 5. ‘Parents need to involve their kids in financial decisions as soon as they are old enough to grasp it.’

Teaching Children about Money it’s value & how to save and spend it wisely is probably one of the most important tasks we have as a parent.

That Money Show – Making Change: “Teaching Children About Money

Everyone needs to understand about money: where it comes from, how to spend it wisely, and how to save and invest for the future. Too many parents don’t take time to teach their children about the value of money, and unfortunately, many of those children grow up to be adults who struggle with money management skills.
Teaching Kids about Money

What age should parents begin educating their children about money? Financial experts agree that it’s never too early. The more children learn about money, the more they will be able to make wise financial decisions as they grow older.

Parents can begin teaching young children how to count money. Practice playing simple games that children will enjoy. For example, place a nickel on the left side of the table, and on the right side, place five pennies. Children are very quick to learn new games, and if you continue this strategy using dimes, quarters, half dollars, etc., before you know it, they will have mastered the art of not only counting money, but understanding its value as well.”

As you can see, it is never to early, or perhaps too late to start teaching children about money. If you would like further information come and visit us at How To Teach Children About Money and help your kids today.