10 Financial Tips for Parents Talking to Kids about Money
Dave Ramsey outlines ten tips for parents, kids and money
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If you teach children the value of work, you've built character in them.
Don't give your child an allowance. Instead give them a commission. Allowance spoils a child. Commission helps a child. Commission is, "Work, get paid. Don't work, don't get paid."
Teaching your children how to use their money responsibly means teaching them to save.
In-state tuition is a great way to save on college. There are quality universities that you don't have to go far to attend.
Encourage your kids to do for a living what comes natural to them.
Teach your kids to do chores to build their little saving, giving, working and spending muscles.
The World will try to tell your kids that they need stuff to be somebody. Tell them not to listen.
Don't buy your kids a car. Teach them to save for a car and then match what they save.
Don't be your kids' emergency fund, no matter how well-meaning or how great your relationship is.
Get your kids involved with handling money at an early age so they can be successful on their own later.