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The clipping this text was read from
The clipping this text was read from

shopping to do, get your kids to help - it’s a great way to spend more time together and provides an opportunity to teach them important money management skills.

Plant the savings bug early. Americans have a personal savings rate of minus 0.5 percent, the lowest since the Great Depression. If your kids don’t learn the value of saving from you, possibly they never will. Teach them about “a rainy day” as early as possible by have them save a portion of their earnings. You can sweeten the deal by matching a portion of their savings yourself, much as your employer matches your 401(k) savings.

Teach kids what things really cost. When your parents said, “Money doesn’t grow on trees,” they weren’t trying to interest you in

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