Teach Your Kids Money Smarts
When my daughter was 2, I asked her what she wanted Santa to bring her for Christmas. She thought a moment and said, "a fruit snack."
If only kids could stay free of the greedy grasp of our capitalist/consumerist ways forever, but unless they move in with the Dalai Lama in Dharamsala, they won't get very far in life.
Here's 12 excellent ways to teach your kids financial savvy direct from the mouth of the smart money source itself, the Wall Street Journal.
Some of the tips -- like opening savings accounts in your kids' names -- are old hat. Others are pretty clever. For instance, I like the soda game:
When my children were young and we went to restaurants, I would give them a choice: They could have a soda or they could have $1.
Henry and Hannah ended up drinking a lot of water.
The soda game teaches kids to delay gratification by making them feel like they're spending their own money.
It's never too soon to start teaching your kids money smarts, even -- especially -- if you have none of your own.
12 Ways to Make Your Kids Financially Savvy [Wall Street Journal]
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