TEACHING YOUR KIDS
ABOUT MONEY
(IT DOESN’T GROW ON TREES)
Help your children open a checking account
with a debit card.

Teach them how to manage their account online
or with mobile banking.

Expand your children’s allowance to include more
expensive items like clothes or gifts for friends.

Introduce entrepreneurship. Encourage your kids to earn
their own money with jobs for neighbors and friends.

Arrange for them to have an ATM card so they can
withdraw money from their savings account.

Help them open a savings account.

Encourage them to save their allowance
towards a goal (a new toy or DVD).

Consider setting up a matching savings plan like
most companies do with a 401(k).

Start giving them an allowance.

This is also a good time to explain bank
accounts and what it means when a bank
account earns interest.

Teach kids that money can be exchanged for things.

Explain to them the difference between pennies, nickels,
dimes and quarters.

10 March 2017 washingtonFAMILY.com
2017 washingtonFAMILY.com
38 April



❏ Needs Changes
(Mark changes on ad)
Date Sent:
________________ Company:
Fairfax Christian School
To: Jo Thoburn
Fax/Email: jt@studyfcs.com
Phone: 703.759.5100
Section: Schools
AE: If proof is not returned
by this deadline
advertisement will
run as shown.

Washington FAMILY
Magazine is not
responsible for errors
or changes not CLEARLY
marked or ads not
returned by this
deadline. If changes are submitted
more than three times,
a fee of $40 will be
charged. washingtonFAMILY.com
April 2017
39