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#795145 - 12/03/12 03:56 PM How To Teach Kids About Money and Investing
Sandra Investing/HFinance Offline
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Chipmunk

Registered: 07/13/12
Posts: 1902
Do you worry about your children's financial future? Do you want them to be financially independent and able to provide for themselves? Teaching kids about money and investing is an important role for a parent. You can teach your children about money and still have fun together.

How To Teach Kids About Money and Investing
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#795146 - 12/03/12 04:01 PM Re: How To Teach Kids About Money and Investing [Re: Sandra Investing/HFinance]
Sandra Investing/HFinance Offline
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Chipmunk

Registered: 07/13/12
Posts: 1902
How do you teach your kids about handling money and investing?
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Sandra Baublitz, Investing/Home Finance Editor
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#795156 - 12/03/12 05:09 PM Re: How To Teach Kids About Money and Investing [Re: Sandra Investing/HFinance]
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Gecko

Registered: 08/07/10
Posts: 711
Loc: Fairbanks, Alaska
I hadn't heard of Tripoly before, I should check it out!
Kids definitely learn from the modeled habits of their parents. After the recession, many parents may not be a in a good place to model the best habits for their children. At least, not right now. Knowing our children are watching us is one more reason to develop good habits, and to talk about them with our own children.
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#795304 - 12/05/12 05:28 PM Re: How To Teach Kids About Money and Investing [Re: Sandra Investing/HFinance]
Sandra Investing/HFinance Offline
BellaOnline Editor
Chipmunk

Registered: 07/13/12
Posts: 1902
Triopoly combines the basics of Monopoly's real estate investing with stock market investing. I know I enjoyed playing Monopoly as a child but haven't played for a long while.

I think that the recession can be a very good learning experience for children in handling adversity. It's true that the best money habits may not be modeled right now. However, children are learning that financial lives are not always perfect and that hard choices and struggles sometimes must be endured. Watching parents endure may be a more powerful financial lesson than which investments to pick or how to invest.

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