4 Tips for Raising Money-Smart Children

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ENCOURAGE SAVINGS:  	“My mother made me save 50 cents, give 25 cents and spend 25 cents," Seymour recalls. "My charitable inclination was equal, but my savings was twice that.”    	Open a bank account with your child. Check your local credit unions and regional banks for kids savings programs. 	Teach them how to fill out deposit forms, make sure they see their passbook being stamped and explain bank statements. 	Designate a percentage of their earnings for saving, charitable giving and spending. Giving can also include giving an item such as a toy to someone less fortunate for every new toy they get.

ENCOURAGE SAVINGS: “My mother made me save 50 cents, give 25 cents and…