You’re Richer than you think
Most kids, at one time or another, pop the question, “Are we rich?” and most parents answer no. “That’s ridiculous,” Godfrey insists. Explain to your kids the intimate relationship between money and family values. “I tell my kids that we have food, clothes, and a roof over our heads. I remind them that they’re lucky to be going to college. “Rich” is having what you need and a little bit more.” Hear, hear.
Take of Charge of Your Money Citibank Tip: from Good HouseKeeping Booklet
Take of Charge of Your Money Citibank Tip: from Good HouseKeeping Booklet
“Children learn best by example and if they see their parents ar good money managers thy are likely to folow that behavior. As you are teaching them moral lessons, take time to include financial lessons. Tailor-fit your advice to your kids’ ages - those in grade shcool can already understan the concept of savin for someting, while your children in high school will need to know the difference between needs and wants”
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