| Young children often have no concept of
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| | income for the month. While fake money
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| where money comes from. Every parent
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| | works well, if you have have the actually
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| wants to make sure their children have
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| | money available for a one time
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| their needs and wants filled however what
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| | presentation, it can really be eye
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| are you teaching your children about the
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| | opening. Give the bills to your children
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| value of money and hard work. It is easy
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| | and have them collect payment from you.
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| to take out a credit card and instantly
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| | This is a great visual of how money is
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| gratify your desires however what sort of
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| | spent within the family, how hard earned
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| message does that send to your child.
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| | pay checks are spent, and that money
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| Remember it is important to teach your
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| | really does not grow on trees. After the
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| children about money and investing. Your
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| | meeting discuss with the kids how
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| children are never too young to be
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| | everyone can do their part to cut
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| involved in their own financial success.
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| | spending and increase savings.
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| Developing money and investing skills
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| | Start your children investing. It takes
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| early will help their future success.
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| | very little money to invest in a mutual-
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| Make sure you establish a savings account
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| | $2000 is a just enough to invest and turn
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| for each child and have a plan. Even
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| | a small profit. Let your children have
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| extremely young child understand the
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| | their "own" investments, and work
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| concept of a piggy bank. Establish an
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| | together to track it's growth or decline.
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| allowance for your child. Allow each
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| | Each dip and low in the market offers
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| child to get paid for the chores they do
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| | good investment learning points. This
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| around the house. Encourage them to
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| | will allow them to see that money can be
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| divide up their earnings between a
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| | saved and invested for the future. Make
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| charity gift, short term savings for
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| | sure your encourage your children to
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| toys, pocket money, and long term savings
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| | work. For school aged children it may be
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| for a college education. If may seem
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| | extra chores around the house, or yard
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| silly but establishing good investments
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| | work. For teenagers it may be a part time
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| habits in childhood can last throughout
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| | job after school. Letting children
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| their lifetime. A good balance for your
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| | understand that money comes from hard
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| children would be 10% charity, 50% short
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| | work and should not misspent is an
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| term saving, 30% short term saving, and
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| | important lesson. Additionally it build
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| 10% spending. As the child grows older
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| | self esteem and pride.
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| and his needs change the percentages can
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| | A family can also establish a savings
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| be adjusted as they (and you) see fit.
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| | fund for items that benefit the whole
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| Another great way to teach your child
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| | family - a vacation, a pool, dvds are
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| about money and investments is having a
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| | also a great thing to save for. Have a
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| financial family night. Make a list of
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| | jar and post a chart of the progress.
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| all your monthly, and weekly expenses.
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| | Each of these suggestions are a great way
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| Write each expense on a separate pieces
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| | to teach a child about money and see the
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| of paper. Then total up the family's
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| | benefits of saving and investing.
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