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Showing posts from January 14, 2010

Top 7 ways to raise a money-Smart Kid

Top 7 ways to raise a money-smart kid While it may seem you have more pressing priorities than teaching your child to be a smart spender and saver, keep in mind that the consumer culture is working on your child already. "Kids are constantly being bombarded with messages to spend money, and we need to counteract that," says Sam Renick, financial consultant and children's author. "The earlier kids start developing good money habits, the better." The good news? Teaching your child how to handle money is simpler – and more fun – than it sounds. Here are seven tricks to turn money lessons from a fight into a delight: 1. Hand your preschooler a buck. Just because a child can't change a dollar yet doesn't mean she shouldn't experience the dollar itself. Exposing children to money sets the groundwork for financial literacy in the same way that reading out loud to them sets the groundwork for literacy. In the preschool years, some hands-on experience is eno