Get the latest Flash player
View All Videos In This Series
Transcripts
Host: How can I set a good example as a parent?
Janet Bodnar: What you have to be aware of as a parent is that your kids are going to learn most of what they learn about money from you and they are going to pick up on everything that you say. It really is true that 'Little pictures have big ears.
' So you have to be very aware of the example that you are setting and the things that you are discussing within your household, within your spouse. If you are arguing about money the kids are going to pick up on that, if you are discussing money they are going to pick up on that. So, I think don't ever say to them, it is a 'Do as I say' not 'As I do' situation and you don't want that to happen because they are going to learn all the wrong things about money.
So, you want to be very aware of what's going on and obviously, you want to have some good money habits of your own. You want to be a saver you want to be putting some money aside. If you want to be teach your kids about philanthropy it helps if you are a philanthropist yourself and that you give money to charity and that sort of thing. If you don't want your kids to get into credit card debt then you don't want to be in credit card debt. If you are in credit card debt you certainly want to pay it off.
Expert: Janet Bodnar
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 More »
About This Video
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 video series: 3186 views
This video segment: 73 views
Tags: Money, Finances, Financial, Banking, Bank, Account, Funds, Allowance, Kids, Children, Child, Parent, Job, Career, Work, Working, Invest, Investments, Investing, School, College, Chores, Expenses, Credit, Debit, Card
Comments: 0 (Read Comments) (Add)
Delicious 
Reddit
Facebook
Stumbleupon
Other Videos
-
Follow a step-by-step guide to bathing your new baby, beginning with sponge bathing More »
-
This video is about obesity and weight issues in our society, which is now More »
-
Learn the basics about how to diaper your baby, how many diapers you'll need, how More »
-
In this video, SafetyBeltSafe U.S.A. Executive Director Stephanie Tombrello More »
-
Baby and Me Yoga: Join Angela in experiencing the benefits of yoga with More »
-
Whether it's the first time hearing it or the 30th, knowing what to do in a fire More »
View Comments (Add Comment)