Total Votes: 180
I make sure she knows to save a certain amount of whatever money she gets, especially if she wants to save up for something..
Its best to have failure happen early in life. It wakes up the Phoenix bird in you so you rise from the ashes. - Anne Baxter
well my dd is 2 so not yet but I will :D she loves "moneyssss" She actually saves coins she finds
Until I was 18 my mom and dad would take 10% of anything I eared and put into a bank account. I hated it when I was young but hen I was 18 they gave me all the money and I was so grateful... I used it as a down payment for my 1st car :D
We teach our kids about money, but we also try to let them make their own mistakes.
If one wants to spend $2 on something unsubstantial rather than save it up for something else, we let them, but show them how they missed out and can do better next time.
lol, my 6 year old son does not need to be taught. He already knows. If something breaks "that was money!" He is stingy with money, but at the same time he will give his friends all his money. (thank goodness the mother gave it back, he wanted ice cream from the ice cream man)
No...the only talking we really do about money is about how wasteful consumerism is. We talk about value and quality but we don't ever talk about money in and of itself.
absolutely. my dd opened her own bank account and deposited 131 bucks into it. when she gets a monetary gift, she said she wants to save it
Yes, my kids are all grown now and have zero debt and lots of savings, I think it's REALLY important to teach kids not to get sucked into credit card and other debt.
Not really, but my oldest is only 2. I guess I let her play with coins sometimes, so you could say I'm building a foundation for it?
Yes. DS collects change for his piggy bank because we are saving for Disney. When he wants something at the store, I ask if he wants to use his "Mickey Money." He sits and thinks and the answer is usually no.
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