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How to Raise Kids Who Arent Spoiled
Key Excerpts from Article on Website of Greater Good


Greater Good, February 4, 2015
Posted: March 23rd, 2015
http://greatergood.berkeley.edu/article/item/how_raise_kids_...

All parents want their kids to have the skills they need to thrive in the world. But, while most parents feel comfortable talking about the importance of safety, health, schoolwork, and relationships, when it comes to the importance of money, many fall silent. Perhaps thats because money can bring up extremely strong emotions. How much we have or dont have, and how our income compares to that of others, can be a source of shamewhether we perceive ourselves as having too much or too little. Parents often find themselves fighting over finances, leaving the impression on kids that money causes conflict. In my role as the personal finance columnist for The New York Times, parents often ask me for advice. Here are some tips: 1. Talk about money and your values around money. 2. Give children money to manage on their own. 3. Teach kids to spend wisely. 4. Put kids to work. 5. Teach kids the importance of giving. 6. Practice gratitude. While these tips arent foolproof, parents who follow them have a better chance of raising children with a wise relationship to money. Its up to all of us to make sure our children understand our values and know how to save, spend, or give away money in a way that is consistent with those values. If we all approached the topic with more honesty and openness, we might avoid a future where children end up either crippled by debt or thinking that everything should come to them on a silver platter.

Note: The above was written by Ron Lieber, whose new book, The Opposite of Spoiled: Raising Kids Who Are Grounded, Generous, and Smart About Money, is about how parents can do a better job of teaching their kids about money. Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.


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