If you asked your kids what they thought about money, I bet you'd be surprised by their answers. But - even more surprising is that you'll also learn something about yourself. That's because their behavior and attitudes often times are a reflection of their parents' view. Let's face it, home is where most people learn about personal finances. However, many people never compare their own financial habits to how their parents managed money. Here are some questions you can ask your kids. Use this as an opportunity to reflect on your personal habits and how you can help them become savvy about handling money.
• What is money?
• Where does money come from?
• Name one thing you would buy if you had $100.
• What is a budget?
• Why should you save money?
I'm anxious to hear the answers you received, as well as your own personal observations. Email me and I'll share the results (anonymously of course) in the next month's Urban Wealth Update.
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