Home  |  Parenting  |  Parenting Skills  | 

Teaching Your Kids About Money

When should parents introduce the concept of money?

To properly view this site, javascript must be enabled and Flash version 9 or higher must be installed.
Get the latest Flash player

  • How to Save Money

    In this video, financial planning professional and member of the Financial Planning Association®, Tracey Baker, CFP® describes the four important steps to saving money.

  • Why is it important to teach my kids about money?

    In this video, Deputy Editor of Kiplinger's Personal Finance and author Janet Bodnar answers questions on the many issues surrounding what kids should know about money.

  • How to Teach Your Kids About Money

    In this video, Deputy Editor of Kiplinger's Personal Finance and author Janet Bodnar answers questions on the many issues surrounding what kids should know about money.

  • Saving Money - Planning for Lower Fixed Costs

    In this video, financial planning professional and member of the Financial Planning Association®, Tracey Baker, CFP® describes the four important steps to saving money.

  • Saving Money - Reducing Variable Spending

    In this video, financial planning professional and member of the Financial Planning Association®, Tracey Baker, CFP® describes the four important steps to saving money.

  • Saving Money - Making Hard Decisions

    In this video, financial planning professional and member of the Financial Planning Association®, Tracey Baker, CFP® describes the four important steps to saving money.

  • Saving Money - Cutting Out Avoidable Expenses

    In this video, financial planning professional and member of the Financial Planning Association®, Tracey Baker, CFP® describes the four important steps to saving money.

  • How to Use Coupons to Save Money

    Ering Gifford of CouponCravings.

  • How to Handle a Tight Budget

    The tight economy is putting a squeeze on everyone's wallets these days, and you may be looking for some reliable sources of extra money.

  • How can I help my teens learn good money habits?

    In this video, Deputy Editor of Kiplinger's Personal Finance and author Janet Bodnar answers questions on the many issues surrounding what kids should know about money.

Rene Hackney
Parenting Playgroups
www.parentingplaygroups.com  
(703)922-0044

Originally a full-time preschool teacher, Dr. Rene Hackney now holds a Master?s in school psychology and a PhD. in developmental psychology from George Mason University. She trained at the Developmental Clinic at Children?s National Medical Center and for the public schools, teaching in parenting programs at each. She has also acted as a consultant to several area preschools.

For the last four years, Dr. Hackney has owned and lectured for Parenting Playgroups, Inc, a parenting resource center and preschool classroom in Alexandria Virginia. She has offered workshops to a wide

range of parent, teacher and social work groups during this time.

Workshop topics include eight hours on positive discipline techniques, five hours on early academic issues and common issues such as sibling rivalry and potty training. All workshops provide well researched lecture, in-class practice and open discussion time. Additionally she hosts a monthly parenting focused book club and fun play programs to introduce the preschool setting to young families.

Dr. Hackney is married and has two young children of her own.

When should parents introduce the concept of money?

In this video, parenting educator Dr. Rene Hackney reviews the guideline for teaching children about money and the role of chores and allowance. This information is provided by age and includes teaching about spending and saving wisely.

This expert: 425,488 views

This series: 15,139 views

Download to Mobile Device
Tags:

Money

,

Finance

,

Child

,

Children

,

Parents

,

Parenting

,

Banking

,

Allowance

,

Chores

,

Work

,

Job

,

Spend

,

Save

,

Savings

,

Charity

,

Living

,

Expenses

Comments:

0 (Read Comments) (Add Comment)

Print

Transcripts

Host: When should parents introduce the concept of money?

Rene Hackney: It's suggested that the concept of money be introduced to children as young as three years old. There are lots of easy ways to do this, When children are young, you just include them in the money things, you are doing. So, when you pay for groceries at the grocery store, show them how much money you are giving. Show them how much money you are getting back. Teach them to start counting change. You can talk to them about what the difference from a penny to a nickel, to a dime is and start having them, make a certain amount of money out that change as they get that concept. It's suggested that you start teaching them as early as three to five years old, so that they can start to learn about money and learn to manage money as they grow.

Other Videos

  • The Importance of Airbags

    The Importance of Airbags

    In this video, SafetyBeltSafe U.S.A. Executive Director Stephanie Tombrello describes car safety basics for the whole family. Using footage of dummies in car crashes, she describes the risks of not buckling up on every ride. She explains how to select the appropriate safety seat for a child and how to prevent injuries from air bags. The final segments include a one-minute car safety check and additional safety tips for the whole family.
  • Infant Massage Basics

    Infant Massage Basics

    In this video, Linda Storm, talks about the many benefits of infant massage for you and your baby. She explains what credentials are needed to teach infant massage as well as demonstrates techniques for a few of the basic strokes.
  • Halloween Treats - How to Make Crunchy Spiders

    Halloween Treats - How to Make Crunchy Spiders

    In this video, writer, educator and mom, Amy Bevins will show you how to concoct four creepy, delicious and (don’t tell the kids) nutritious Halloween treats – Witches Fingers, Bloody Worms, Eyeball Bites and Crunchy Spiders. Each has simple ingredients and can be made in just a few minutes. So gather your hungry witches and goblins together and get ready for some yummy, spooky Halloween FUN!
  • Calming Your Newborn

    Calming Your Newborn

    In this video Dr. Ann Kellams discuss the many issues surrounding how to properly care for a newborn baby.
  • Popular and Long Term Playable Toys - Part 1

    Popular and Long Term Playable Toys - Part 1

  • What are some common language milestones?

    What are some common language milestones?

    In this video, parenting educator Dr. Rene Hackney provides information about typical language development and related red flags. The information provided is about encouraging early speech and building later vocabulary. This includes descriptions of running commentary and echo expansion.