I spoke with writer Lou Carlozo about the power of using “no” as a strategy when teaching your kids about money.  Here’s the article that resulted:

“Back-to-School Math for Parents: What’s an ‘A’ worth?” – MSN Money

This month I shared my thoughts on how to launch kids toward financial security in MONEY Magazine.  Here are those tips:

Money Magazine- Susan Beacham Q&A: Launching Kids Toward Financial Security_2013_09

I recently spoke with Liz Weston at MSN Money about the recent Cambridge University research that confirms our youngest are learning money habits that are SET by age 7.  So great to see others realizing what we have known all along – it pays to start the “money talk” when your kids are young!  Here’s a link to the article:

http://on-msn.com/1bvqChh

Are you doing any of these things already with your children?  When did you start the conversation about money with your kids?  Did you get the same results from each of your children?

“NEW STUDY CONFIRMS ADULT MONEY HABITS ARE SET BY THE AGE OF SEVEN YEARS OLD”*

I was frustrated when I read this headline that proclaimed that money habits are set in a child by the age of seven.  Seriously?  Seven?  So I contacted one of the co-authors of the study, Dr. David Whitebread of Cambridge University, and asked for the full study to see for myself if this was really true.  What I found out was that the headline was more provocative than the results – but not by much.

The actual study concludes that money habits can be shaped in children starting as early as age 4 as kids have the developmental abilities to learn good money habits.  And, by the age of seven, some core money behavior has indeed been established. Continue reading