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Reply to "Best way to teach kids about money"
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[quote=Anonymous]When I started my kids with allowance, I required them to purchase Christmas and Birthday gifts for everyone e in the family. Then I worked with them to save and develop budgets. Also I deposit their allowance in their bank account and they have to make a decision to spend because money isn't readily available. Like PP, I talk a lot about our spending decisions. We talk a lot about not wasting because we don't have money to throw away. We've encouraged our kids to get jobs as soon as they are old enough. They started with odd jobs like getting neighbors mail when they go on vacation. Finally, money goals have really helped them learn to save and budget. [/quote]
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