Teaching Kids About Money

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Teaching Kids About Money
A Financial Literacy Presentation by Member
Name, CPA
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Money Basics

• Adults in trouble today because they didnt learn
  lessons earlier in life
• Not learning it in school
• Must know about budgeting, credit, saving
• Hands-on activities for kids

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Start Out Young

• Never too early
• Toddlers money recognition, spending, saving
• Show coins and explain value
• Piggy banks
• Pretend grocery shopping

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Elementary School

• Budgeting, goal-setting, borrowing money
• Weekly allowance, if possible
• 80-10-10 rule
• First savings account
• Credit cards
• ATM machines

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Middle School/Jr. High

• Learn how to make money
• Extra chores for extra money
• Use pre-paid credit card to teach them about
  interest and using credit wisely

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Stock Market

• Investing vs. saving
• Set up mock portfolio
• Invest in what you know.
• Research companies online/financial pages
• Two options for entering stock market
• Buy mutual fund.
• Open stock account for child.

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High School

• Should know how to earn, save and spend money
  responsibly
• Checking account
• Be able to balance it
• Know how to use credit cards wisely
• Reading a paycheck
• Involve teens in bill-paying

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Birthdays/Special Occasions

• Give money-minded gifts
• Books, board games, videos, software
• Play ATM machines
• Pretend checkbooks
• Voice-activated/keypad safes
• Money bingo
• Give U.S. savings bonds

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Any Questions?