How to Talk With Your Kids About Money
Unless you talk to your kids about money, how are you going to positively influence them? Here are some ways to start the conversation – and it’s not about writing them a check:
• Tell stories from your own life. It can be as simple as explaining how you saved for your first car or how you managed when money was tight.
• Talk about how prices have changed. Historical context can be interesting to kids, particularly when it involves how inexpensive common goods or brand names they’re familiar with used to be.
• Bring up savings when you give gifts. Christmas and birthdays can be a good time to encourage your kids to save with a money gift.
• Hire your kids. Create opportunities for them to listen and share in money conversations by offering to pay them an hourly wage to do chores around the house.
• Listen. If your kids are worried about their financial future, they may need an accommodating ear.
Talking about money can be more important than handing it over. Engage your children in money conversations that help them see how you got where you are today.
As part of our Youth Month Celebration, if you open or make a deposit into a youth account at Altana FCU during the month of April, your child will be entered to win one of three $50 deposits and a special meet and greet with “Scout the Owl” from ZooMontana!*
*Some restrictions may apply. No purchase necessary. One entry per child per day. Many will enter, one from each age group will win (ages 0-11, 12-15, and 16-18). Contest ends April 30, 2017. Drawing will be held by May 9, 2017.