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Video: Teaching Your Kids About Money

Talking to young people about financial strategies.
From our provider: Good Morning America



VIDEO: Talking to young people about financial strategies.



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Video: Teaching Your Kids About Money

m0m0f2
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m0m0f2 says:
May 07, 2007

I really liked her ideas on how to teach kids to spend wisely:
1) Start early
2) Kids need to EARN their allowance by doing chores, etc...
3) Their allowance should equal the amount you currently spend on their monthly "fun" budget
4) Follow the 10 - 10 - 10 - 70 rule (10 percent should go to a charity of their choice, 10 to investments, 10 to savings and 70 can be spent)

chuott3h
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chuott3h says:
April 14, 2007

it's useful

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