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Helping your child learn the right stuff -- respect for money and the
links between work and money and saving -- could be one of the best
things you can do for them.
By
Terry Savage
I saw a young mother in the supermarket recently with a toddler perched
in her shopping cart and another child walking alongside the cart.
Before starting down the aisles, she stopped briefly at the automated
teller machine, inserted her card, punched in a few numbers and grabbed
the cash as it spit out of the slot. The children were watching.
I wondered if these young children would ever learn that their mom
worked a full-time job, paid taxes and even set money aside for their
college education -- all before she could withdraw the cash to pay for
the groceries. That evening, as I watched the ecstatic winner of a $100
million lottery on the evening news report, I thought about the many
children who would grow up believing that having money is a matter of
luck and winning numbers.
In the old days, we used to tease our children that "money doesn't grow
on trees." Now we have to teach them that money doesn't come from ATMs
or lottery tickets. Are you doing your part to educate your children and
remind their parents that children need to learn the value of money?
Here are seven ways you can help.
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