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Teaching Your Kids About Money

Should children be introduced to banking?

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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.

Should children be introduced to banking?

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: 365,786 views

This series: 12,286 views

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Money

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Finance

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Child

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Children

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Parents

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Parenting

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Banking

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Allowance

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Chores

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Work

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Job

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Spend

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Save

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Savings

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Charity

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Living

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Expenses

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Transcripts

Host: Should children be introduced to banking?

Rene Hackney: It's a nice idea to introduce banking to children as well. If they haven't already by age nine, taking them to the bank and setting up a separate savings account, that maybe where you start to get into saving for a car or saving for college because they are now nine or ten years old and you are giving them that management. In their teen years, many children can manage a checking book, a checking account, where they keep track of the money they put in, in the checks that they write or an ATM cards or they are able to, or even a prepaid ATM type card, where they are able to use and manage a certain amount of money. Children tend to ready for that though if parents have started early at three, four and five years old with managing the smaller expenses.

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