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Delayed Gratification Money Choices My kids Saving Smart Spending

5 Money Lessons to Teach Your Kids This Summer – Tip #1: Choice

July 16, 2015by Susan BeachamNo Comments

lemon-standEver wonder how to help your kids learn smart money habits – especially during the summer break?  I recently shared top 5 tips for a special financial literacy insert with USA Today.  Here is the link to the article:  Money Matters: 5 Lessons to Teach Your Kids This Summer.

But I thought I would expand on these tips and share some examples of how our family personally applied them as well:

1.  Teach choice. Introduce the four choices for money (Save, Spend, Donate and Invest) to your child using a divided bank or jars. Teach them that there is more to do with money than just spend. Present opportunities to make choices with their money as well.

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A sought-after speaker for financial institutions, state regulatory agencies, trade associations, leadership conferences and schools, she is the creator of the Money Savvy Pig piggy bank-- the centerpiece of the Money Savvy Kids Basic Personal Finance Curriculum.

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