Let Your Children Teach You To Save Money!

After posting that it’s important to teach your children about finances, I thought I would write an article about how to go about it – and since I don’t have kids of my own, I went to visit a friend who has a teenage boy who is excellent in this area. I figured that he must have spent hours coming up with a plan to have him understand so much about saving and personal finances at such a young age.

“So, can you give me an outline of how you went about teaching him?” I asked.

He laughed. “I never did a thing,” he said.

“Then where did he learn so much?” I asked.

“On his own,” he said and then told me the following story:

Appare

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[Continue Reading at SavingAdvice.com]

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8 Responses to Let Your Children Teach You To Save Money!

  1. Leggs says:

    A classic post! I passed it on to my family.

  2. Nick says:

    I’ve been saving up tidbits of wisdom for when I finally have kids. This is possibly the best one I’ve seen to date. Kudos.

  3. Uncle Foobar says:

    Could you do a part II to this post describing in detal some
    of the areas the son found to save money?

    Was he going through the insurance bills and consolidating
    them? Grocery bills?

    Foob

  4. pfadvice says:

    “Could you do a part II to this post describing in detal some
    of the areas the son found to save money?”

    Good idea. I’ll try and get something up this week.

  5. Pingback: Anonymous

  6. Pingback: Mouli’s blog » More on teaching your kids money-matters

  7. Pingback: Personal Finance Advice » Blog Archive » Let Your Kids Teach You To Save Part II

  8. viola says:

    I would also like to see a part II ….

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