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Host: What if a child is reluctant to spend or to save?
Rene Hackney: Reluctant to spend, it means showing them, what things are fun and how they can use their money in and maybe pulling money with them, you might want to try some more fun things, like saying, "Wow! If you can ship in half of this I'll do the other half. If they are reluctant to save, you can make it more fun that way too, you can say, "Hey for every $5 you save I'll give you an extra dollar.
" That 401K plan where you are kicking in an extra amount and making it a more fun process. So, the idea is just kind of loosen up and lighten up and help them enjoy it.
Expert: Rene Hackney
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 More »
About This Video
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 More »
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Tags: Money, Finance, Child, Children, Parents, Parenting, Banking, Allowance, Chores, Work, Job, Spend, Save, Savings, Charity, Living, Expenses
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