Teaching kids the value of a dollar - WRBL

Teaching kids the value of a dollar

Posted: Updated:
TAMPA, FL (WFLA) -

If you're a parent, one of the hardest jobs can be teaching kids about money. How do you instill the importance of earning and saving?

Money expert Gary Marriage of Nature Coast Financial Advisors in Crystal River says, "The earlier parents can start teaching their kids about money, and the value of money, the better off they're going to be in the future."
With most adults using plastic to pay for things, it's hard to explain to children how money really works. "They see their parents to go the ATM and they draw money out, so they think that's where parents get money, is through an ATM" says Marriage.
Marriage likes the idea of having children open their own bank account where they physically deposit and withdraw money.
He is also a fan of giving children allowances they have to earn. "Allowances, I think, are good for doing different things around the house. It starts getting into their head. I've even instructed some parents to pay their kids every two weeks. Because 90% of the jobs out there pay every two weeks."
   

Don’t miss out on the day’s top Facebook conversations http://on.fb.me/18y81Cl

  • NewsMore>>

  • Belleair Police Chief investigation may wrap up this week

    Belleair Police Chief investigation may wrap up this week

    Wednesday, August 20 2014 8:09 PM EDT2014-08-21 00:09:35 GMT
    Belleair Police Chief Thomas EdwardsBelleair Police Chief Thomas Edwards
    Fraternal Order of Police representative Jim Howard told Eight On Your Side Wednesday he expects a private consultant's investigation of Belleair Police Chief Thomas Edwards to wrap up by Friday.
    Fraternal Order of Police representative Jim Howard told Eight On Your Side Wednesday he expects a private consultant's investigation of Belleair Police Chief Thomas Edwards to wrap up by Friday.
  • Clearwater Police say missing special needs student found

    Clearwater Police say missing special needs student found

    Wednesday, August 20 2014 7:29 PM EDT2014-08-20 23:29:25 GMT
    Nefertari Blanks, 19, is missing.Nefertari Blanks, 19, is missing.
    Clearwater Police officers says a special needs student who was reported missing on Wednesday has been found.
    Clearwater Police officers says a special needs student who was reported missing on Wednesday has been found.

  • Crist Orlando bus tour behind the scenes

    Crist Orlando bus tour behind the scenes

    Wednesday, August 20 2014 5:56 PM EDT2014-08-20 21:56:46 GMT
    With a toss of a football, Charlie Crist boarded the bus in Orlando. “On to victory,” Crist announced, as he headed to his seat. It's a campaign tour that might have seemed improbable just a few years ago. But the former governor is on the campaign trail again, trying to win over voters to win back his old job in Tallahassee.
    With a toss of a football, Charlie Crist boarded the bus in Orlando. “On to victory,” Crist announced, as he headed to his seat. It's a campaign tour that might have seemed improbable just a few years ago. But the former governor is on the campaign trail again, trying to win over voters to win back his old job in Tallahassee.
  • Sign up for WFLA News Channel 8 Email Alerts

    * denotes required fields






    Thank you for signing up! You will receive a confirmation email shortly.
Powered by WorldNow

1350 13th Avenue
Columbus, GA 31901

Telephone: 706.323.3333
Fax: 706.327.6655
Email: news@wrbl.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.