Being a mom is the hardest thing I've ever done, but it has brought me so much joy! I want to encourage other moms on their journey, I'll share motherhood tricks, spotlight tips I've learned from friends, and I hope you will share your ideas. I will focus on secrets that help families stay balanced, healthy, frugal, creative, and closely knit. I will also share favorite fiction and nonfiction books that I have enjoyed. Many blessings to you on your mothering journey!

Thursday, August 06, 2009

Teaching Financial Responsibility - Tips from the FDIC

Do you struggle with how to teach your kids about the value of money and how to manage money wisely? I just read a one-page article, written by the FDIC, with lots of practical ideas on Click here to Ages and Stages of Money Management.

Here are a few of my favorite ideas from the article:

Ages 3 to 7 - Play games sorting, identifying or counting coins. .

Ages 8 to 12 - Consider rewarding your child for good savings habits by supplementing his or her own deposits or investments.

Ages 13 to 17 - Your child can begin making money outside of the home, either after school or in the summer... The emphasis should be on learning about the working world and responsibility, not making thousands of dollars a year in outside income.

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