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Parenting Tips on Aug. 4 Fox 4 Morning News: Helping Kids Learn to Be Smart with Money

Are you tired of arguing with your kids about buying the latest toy whenever you're at the store?  Whether you worry about how kids think about money today or if you just want to make sure your kids will grow up to make good financial decisions, tune in to Fox 4 7:00 a.m. news to hear tips from our parenting expert about teaching your kids how to be smart with money. 
 
Why talking about money matters

• It's a way to share your values
• It helps children understand responsibility
• It gives them a context for viewing advertising

Teaching your kids how to be smart with money

• It's never too early to start
• Model and talk about good financial practices (sales, coupons, smart shopping, buying used items)
• Talk about where money comes from
• Require your child to save a certain percent
• Discuss the difference between wants and needs
• An allowance can help kids learn budgeting (age 7+)

Please visit The Family Conservancy's website, or blog about this topic on our Facebook Cause Help Kansas City Children http://apps.facebook.com/causes/168210?m=2776416e