Teaching Your Child About Money
What is money? Where does it come
from? Your young child likely doesn't know the answers, only what
it's good for -- buying stuff.
That's why as soon as your child becomes interested in money, it's a good idea to start teaching them how to handle it. This, the first in a multi-part MERIC series on helping you and your children better manage money, focuses on four simple lessons:
Setting, then managing an allowance
Opening and understanding a savings or other account
Setting other savings goals
Becoming a more savvy consumer.
Read the full report (PDF 505 KB).