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How to teach your kids the value of money

    For the many parents who want to teach their kids economic (经济的) ideas and prepare them for their financial futures, where is the starting point?

    Here's their advice:

    Make sure money isn't "invisible (看不见的)" to your kids.

    Chris Whitlow, CEO of Edukate, described money as "a contact sport (接触性运动)." " "It's like if you were to read about football and then try to play football," Whitlow said. ""

    That's why it's important for families to speak openly about finances to get their kids better prepared for their financial future.

   

    One way to teach kids about money is to simply let them have it, and cash is a great start. Gwen Tulin, founder of Brain Arts Productions, suggested that parents take a few minutes to get cash from an ATM and pick one store to use that money in front of their kids.

    Don't be afraid of financial language.

    Tanya Van Court started Goalsetter, a saving and giving platform (平台) for kids. She wonders why many parents are frightened to even start a conversation about money with their kids. To help other families do the same, Goalsetter offers an Urban Financial Dictionary that explains financial languages.

   

    Goalsetter offers three different ways for kids to set their financial goals: saving for the future, saving for things, and sharing with others."We don't just want lessons about using your money for yourself." Van Court said, "but also giving back to other people in need."

A. Don't give your kids too much money.

B. Let your children have some money to work with.

C. Reading about it is more important than playing it.

D. Reading about it and playing it are two different things.

E. She made sure to introduce financial basics to her own children.

F. Don't forget to explain that money can be a powerful tool to help others.

G. We asked some experts to introduce the best ways to teach kids the value of money.

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