Help Your Child Become a Good Money Manager

You are a role model for your child.

• Let your children see you managing your family income and keeping financial records.
• Try to guide and supervise your children’s spending, rather than dictating to them how to spend their money.
  • Be clear about money and spending rules. What items are OK to buy and which are not?
  • Help them think through their choices.
  • Allow them to learn from small mistakes.
  • Praise them when they make good money decisions.
  • Do not use money as a reward or punishment — nor to pay for regular family chores.