If you're bad with money, your kids will learn from that. It's like every other aspect of parenthood - you have to be better than you want to be to set a ... more
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Model good financial behavior
If you're bad with money, your kids will learn from that. It's like every other aspect of parenthood - you have to be better than you want to be to set a good example. Focus on making smart, reasonable choices. Try to limit impulsive spending. When it is time to make a big purchase, show them that you're researching the type of item you're going to buy. Discuss how you're weighing things like cost, reliability, and value in your choice. Maybe you feel like there's no way you can live up to role model standard. I totally get it. But it's still important to talk about the right way to plan, save and spend, even if you can't always do it yourself.
Related: 10 common money-saving tips that actually leave you brokeless
A couple of weeks ago I was asked to speak on the topic of teaching your kids about money and finances. I love this subject and got really excited. I mean, I've been married to Cap'n Coupon for fifteen years. So I spent some time doing research and created a list of talking points. After my presentation, I looked back over my unused talking points and realized I was missing some stuff. So I asked the most intelligent and attractive women on the internet -- my readers -- what ideas they had. They did not disappoint. So here are their 10 mom-tested ideas on how to teach your kids about finances and money: - By Julie Miner