A great gift for kids is a lesson in finances

Source: Jayne O'Donnell, USA Today

If your child is asking for Ugg boots, a pricey hot toy or a smartphone for the holidays, it’s time for a teachable moment.

Even if your kid has less lofty tastes, the holidays are still a great time to hammer home some important financial lessons.

“Parents want kids to have everything they want, but if they’re not teaching limit-setting, it’s doing them a terrible disservice,” says money coach Olivia Mellan.

Read Full Article: A great gift for kids is a lesson in finances

 

Tags/Keywords

money management, savings, budgeting

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