Parenting About Your Children and Money

I had the pleasure of interviewing Maria Smalley, Ph.D., a BraveHeart Woman, mother and entrepreneur.

many parents struggle with distibution of their own finances, so when it comes to teaching their children it often becomes something that occurs without consciously thinking about it. Teaching children good financial habits from the start will benefit them throughout their lives. When I was a child, I wish I had a system like Maria Smalley has developed for her children.

Maria is teaching her children about money and how to manage it with a wonderful system which is relatively easy to implement. The children learn the importance of investing, saving, giving and have money left to play with.

Each child has four accounts they divide and deposit any money they receive from avenues such as allowance, gifts and odd jobs.

* Financial Freedom Account (investing)- 10%
* Savings Account-20%
* Gifting Account- 10%
* Fun Money Account- 60%

Do you have a system which you use to teach your children about money? I would love to hear what you do and any stories on successes you and your children have had with your system. Teaching our children about money is a gift that will keep on giving…

Here’s to being a passion parent!
Christine Hiebel
www.PassionParent.com “Where a Parent can be a Parent!”


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Here's to being a Passion Parent!
Christine Hiebel
www.PassionParent.com
"Where a Parent can be a Parent!"