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What are you teaching your children about money?

Whether your children are tots or teens, you are teaching them – but are you teaching the lessons you really want to teach?

 

As parents, too often we move through life letting our children learn about money in a scattered and informal way. But, from the moment our children can say, “I want…,” we have an opportunity to engage them in ongoing conversations and action that will shape their lifelong attitudes and behavior about spending, saving and sharing. Nathan Dungan is Marti & Erin’s favorite expert on financial matters for children and families. He’s here on Mom Enough just in time for Saturday, August 11, when retailers will be competing for your dollars and your children’s loyalty. You need to listen to this great conversation!

 

What lessons are you teaching your children about money and values, either intentionally or incidentally? What steps could you take to be more purposeful about the way you are teaching your children? Share your thoughts in the REPLY space below!

 

For Money Sanity Solutions: Linking Money + Meaning, click here.

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  1. Chelli Esser on September 6, 2012

    We have a 3 year old. We also have a credit card at our local store because if you use their credit card, you get an automatic 5% off of your total bill – savings that we really need in this economic environment.

    What we do when we shop with our daughter is to use our credit card to pay for the groceries/other items, and then we walk right over to the customer service desk and pay off that same amount in cash. We talk with her about how when you use the credit card, it still means you’re spending money and here’s what that looks like. Just an extra tip.