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How can I help my kids understand how to manage money?

Michele Borba
Psychology
Take your child to work. Show your daughter how you balance your checkbook. Explain how you are setting up a list of what you plan to buy for the holidays before you walk into the story. Talk to your son how your credit rating is checked before purchasing that car. Show your kids the household bills so they know how much electricity, gas, water, phone and cable cost. You don’t need to reveal your income or savings but you should use real opportunities to help your child understand money. Look for those everyday examples to demonstrate smart spending habits.

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