Whoa, Momma!

Sharon Kennedy Wynne, Tracey Henry and Suzannah DiMarzio

Money really doesn't grow on trees!

28

July

19158838 With all the economic misery our country is facing -- housing sales falling, high gas prices, grocery so expensive -- now might be the best time to teach your kids about budgeting and saving.

A story by St. Petersburg Times photographer John Pendygraft looks at a brother and sister who have had a tough life but have saved more money than some grownups. The boy has saved up $3,700, his sister, $3,000.

Wow! Many of our kids think that money grows on trees, so we can learn a lot from these tweens. We can also make sure that our kids  understand the value of a dollar. In this story from Forbes.com, Edward Powell, a chief consumer officer at LendingTree.com, said: "As a parent, the best way to teach a child about finances is to be a role model. You should show restraint with money. Your child should see you budget, comparison-shop and make regular contributions to a savings account. It's not enough to talk the talk, you've got to walk the walk."

Good advice. You might also want to take a look at these tips on how to teach your kids about money. One of the tips: As soon as your kids can count, introduce them to money. Times food critic Laura Reilly is also a smart Momma who is making sure that her tween knows all about the Benjamins. Check out how her 12-year-old helps in managing the budget in their house at Go Momma. You'll be glad you did.

-- Sherry Robinson

[Last modified: Thursday, May 13, 2010 10:55am]

    

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