| Many children find themselves hopelessly
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| | -The internet has a wealth of knowledge
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| in debt after leaving home. They go off
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| | for parents to utilize. There are online
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| to college, wanting to take on the world.
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| | games, puzzles and children's websites
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| The independence they suddenly experience
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| | that teach money skills.
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| leads to decisions that are not always
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| | - Books are another resource for parents.
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| best for them. Many of them have not had
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| | Check the children's section of the
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| to deal with financial responsibilities.
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| | library or book store for basic
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| They are lured into credit card and loan
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| | children's money counting workbooks.
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| offers, finding themselves drowning in
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| | - A family finance night is a terrific
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| debt in a very short time.
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| | way to spend time together. Talk about
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| Twyla Prindle says, "Studies are now
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| | the bills you have to pay to keep the
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| showing that for the very first time
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| | family financially secure. Discuss the
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| since the great depression, we now have a
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| | importance of paying bills on time and
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| negative saving rate. Many of us are
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| | not overextending yourself. Children will
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| living check to check, and just getting
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| | learn by your example.
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| by. All of us want the best for our
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| | Charitable giving is one of the most
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| children, and getting by is not the best.
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| | important financial lessons you can teach
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| If we teach our children basic principals
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| | your children. Make them aware that there
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| now, they will become common sense to
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| | are many people less fortunate than they
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| them later."
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| | are and it is our responsibility to help.
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| Twyla experienced financial ruin after
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| | Giving to the needy is an important part
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| graduating from high school. She was
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| | of life.
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| rebellious and went off to college to
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| | Children watch what their parents do. If
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| live her own life. She had at least 15
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| | parents are charitable givers, then the
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| credit cards. Unable to keep up all the
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| | children will follow in their footsteps.
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| payments, the bills piled up, and
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| | Be a role model for your children. Find a
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| creditor's phone calls were constant.
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| | needy family in your town and make
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| Thinking all of her financial woes would
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| | charity boxes as a family and deliver
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| just go away, Twyla chose to ignore them.
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| | them together.
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| After graduating college, she was offered
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| | Charity does not have to be only about
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| a job in her field of study. The employer
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| | money. Teach your children that
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| did a credit check and rescinded on the
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| | volunteering is just as valuable as
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| job offer. Bad credit had caught up to
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| | money. Children can use their time and
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| Twyla at an early age. It took years to
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| | talent to give back to the community.
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| pull herself out of the hole she had
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| | Discuss with your children the volunteer
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| gotten herself into.
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| | opportunities in your area. Help them
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| She learned from her mistakes and now
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| | decide the one that would be best for
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| used her real life experienced to teach
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| | them.
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| children the meaning of money. Through
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| | Discuss the importance of setting a
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| her financial literacy tips, she hopes
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| | financial goal. Help your children create
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| others will not fall into the same
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| | short and long term financial goals.
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| financial traps she did.
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| | Collect different magazines and have your
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| Begin teaching children financial
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| | children make goal posters. The posters
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| literacy at an early age. Three and four
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| | are a visual aid reminding your children
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| year olds can learn to understand the
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| | what type of financial goal they want to
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| concept of money. The earlier a child
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| | accomplish.
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| learns how to deal with money matters,
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| | Talk to them about a basic financial
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| the better. There are many resources
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| | plan, whether they want to set up a
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| available to help parents begin:
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| | savings account, save for an item they
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| - Games are one of the best ways to get a
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| | want, and assign chores for them to learn
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| child interested. Play the games together
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| | the value of money.
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| and make it fun for your child.
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