How to Teach Your Kids About Money

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  • PattiC Flag

    Great Advice
    Janet Bodnar is the best source of information about kids and money.

Janet Bodnar
Kiplinger's Personal Finance Magazine
www.kiplinger.com  

Janet Bodnar is deputy editor of Kiplinger's Personal Finance magazine, for which she has written articles on a wide range of topics, including investing, money management and the economy.

Bodnar is a nationally recognized expert in the field of children's and family finances. Her latest book is Money Smart Women: Everything You Need to Know to Achieve a Lifetime of Financial Security (Kaplan). She speaks frequently on the subject of women and money.

Bodnar's "Money-Smart Kids" column appears regularly in Kiplinger's magazine and at <a>www.kiplinger.com/columns/kids</a>. It was chosen by Moneysmartz.com as one of the top financial columns online. Bodnar is also the kids and money coach on the AOL Coaches site.

Her book Raising Money Smart Kids (Kaplan Publishing) was a finalist in the personal finance category of the Books for a Better Life awards, honoring the best self-improvement books of 2005. It was also a selection of the Washington Post's Color of Money book club.

Bodnar has appeared on Oprah, Today, Good Morning America, The Early Show on CBS, Fox, CNN and PBS. She has done hundreds of radio and TV interviews and appears regularly on WUSA, the CBS-TV affiliate in Washington, D.C., and WTOP, the major all-news radio station in Washington. She is a popular speaker and has been quoted in publications ranging from The Wall Street Journal and Institutional Investor to Parents and Glamour.

Bodnar has been recognized by American University for excellence in personal finance reporting, and by the National Council on Family Relations for her televised reports on children and money. The audio version of her book (read by the author) received three "best of" awards, from Publishers Weekly (business category), Library Journal (nonfiction) and the Audio Publishers Association (educational category).

Prior to joining Kiplinger's, Bodnar worked for The Providence Journal and The Washington Post. She received her master's degree in journalism from Columbia University, where she was also a Knight-Bagehot Fellow in Business and Economics Journalism.

Married, she is the mother of three children.

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.

This series: 35,373 views

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Transcripts

Janet Bodnar: My name is Janet Bodnar and I am Deputy Editor of Kiplinger's Personal Finance Magazine and I am also author of the book, Raising Money Smart Kids and today we are going to talk about Raising Money Smart Kids. I am going to cover a lot of different subjects, everything from allowances to credit cards, from preschoolers to teenagers. We are going to do a lot of things. I am going to give you a lot of good information I think. Good information that I have meant, from writhing about this topic since 1993.

I should tell you as another part of my resume, I have three children of my own. So they have grown up with this. As I have been teaching them about money, they have been teaching me about money. So we had a lot of really good give and take and I have talked to hundreds of parents over the years and they write to me. I write a weekly column as well as the book. I write a weekly column for kiplinger.

com, which is called Money Smart Kids and I write the same column for Kiplinger's magazine. So, I have heard from hundreds of parents over the years, telling me what works and what doesn't work with their kids. So today I am going to give you some practical advice that I think you will find entertaining as well. So let's get started.

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