Home is where the financial lessons start

Remember, the little ones are learning how to manage money by your example. Children learn a whole lot from what they see modeled in everyday life. They see how family members spend, save, give money. They are forming their ideas about the value of money.

The last video in the series Financial Planning for Your Future is about the next generation.

Week six: Teach Your Children

Kids are very smart and it is never too early teaching them about money. Chores teach children they must get a good job to have money to support a family. A child may not like it when a toy cannot be bought, but that is a real life lesson. Teach children to purchase needs before wants! Scarcity is real. That means wants will always outnumber the bills in a wallet.

For more information, check out these sites:

Virginia Saves Parent Resources

Teaching Kids About Money

Virginia Saves hopes you have enjoyed this six part video series. Please feel free to leave a comment of contact us at virginiasaves@gmail.com

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