Parents and children often face the challenges of money. Common topics include setting pocket money, learning to save, and deciding to buy expensive things. The goal of most parents is to teach their kids how to deal with money wisely.The goal of most kids is getting money to spend.How can families achieve these goals?
The Tidier family in Denver found the best way to teach about money was to let their kids make some money. Their son, Ryan, 17, has been watering in the garden since he was 8. He owned his own tools with the help of his parents. Now he has saved $7,800.Besides, he bought a bike and a wonderful sound system. And he is going to buy a car next year.
Money skills are an important part of becoming a successful adult. David Brady manages a company towards children and young adults."They shouldn't be always thinking of spending money," Brady warns. Instead, they should understand basic rules for making money, saving money, and managing money.
That knowledge is greatly needed. Over the past ten years, most Americans aged 18 to 24borrowed nearly $3,000 on credit card( 信用卡). Among high school seniors, four out of five have never taken a class about money.
Giselle Lopez, of New York City, learned the hard way. So far, she has owed(欠) $2,000 on her first credit card. Her parents refused to pay,so Giselle got a job. Then she paid the money off slowly by herself. "Now every time I use money, I know that it comes from my own pocket," Giselle says. "That gives me a sense of responsibility for my actions." Different kids will have different style s when it comes to money. Teaching them how to use money doesn't have to mean setting strict rules. When children like Ryan and Giselle have their own money to consider, they can learn to set those rules themselves.
