How to talk with your Tween About Money

How to talk with your Tween About Money Teaching financial literacy has been my passion. Over the years I have had the opportunity to talk with parents who want to know how to talk to their children about money and they want councils to help them become more independent before entering the real world.For many parents think that only yesterday that their children were on their way to kindergarten, but now I am at school things seem to be happening too quickly. Tweens seem to move from group play dates date movie in front of his eyes.And are aware of fashion brands and long before the sensitive than ever. This is all the more reason for us to help them gain control over the money and the need for financial savings by speaking with them early and often on how to save and spend money responsibly.Here are some things you can do to be ready for their three days in which you must cut the strings and see the spread between their well-prepared wings.Giving an appropriation of money is a big move. This will help you as a parent in his realm of budget-busting applications, while teaching them the value of a dollar, to save things that really "should" have.In his book, "Children and money: giving them savvy to succeed financially, "author A. Jayne Pearl said that with their children on a budget. "Grant is an effective way to begin to send their children financial literacy, values and decision-making." When tweens have access to money that you can better understand the correct mode of use. Trying to help them understand the basics of money management to use something they have eaed and saved is powerful. Often the new "thing" which was to have only when you pay for this is less important to them when they come to understand that it will greatly reduce the amount of money the family does not accept left.If concept of compensation, but want to help their children are in first person with experience of managing money, another way to teach kids about money through interactive leaing experiences and table games such as: Assignment LifePaydayMonopoly Jr. The Game andCashflow for KidsThese are wonderful ways to teach a lasting entertainment experience. Not only do these games help your child improve in maths and their ability to solve problems, no? Ll base price also understand concepts.Finally, encourage your children to save a goal and, if possible, offer to add a small percentage of what was saved. This teaches the lesson of compound interest and how money grows if left untouched.The next time your child wants a new bike, skateboard or a series of karate classes use it as an opportunity to challenge their desire for what you want to have a to save them. As a further incentive to agree to match their savings dollar per dollar up to a fixed amount or a given period of time for this is to the benefit is that your child will develop the discipline and the habit of not spending every penny we have in their hands. Moreover, when the goal of making it accessible even if one does not match, you can contribute is encouraged to groped again the next time the thing to remember is to encourage their saving habits and find ways to support so that we really think it is something fun. Once that happens that has created a situation that will develop a positive attitude towards saving for a lifetime! Sanyika Calloway Boyce has made his share of money mistakes. Now teaches financial literacy programs for children, university students and adults. Visit