Sunday, March 05, 2006

Potential Wives’ Tale in the Making: How to Raise a Finance Savvy Child

What does my mother credit as a reason for me growing into a financially savvy child and adult? She heavily credits how she taught me to count. She says that starting in the fall of '76 (I was 50 months old), she taught me to count with money (specifically coins).

She continued to do this until I was a three year old and could make change for dollar bills and other denominations.

While I seriously credit this as a contributing factor, you've got to take this with a grain of salt (so to speak). I have not yet heard of any other parents reporting similar experiences.

I would also caveat this with the fact that children are very impressionable at these ages. A child with adverse environmental factors and parents taking this to the extreme might end up with a child similiar to a Scrooge or "Gordon Gecko" (Gecko from movie Wall Street). Again, remember this is conjecture but nonetheless sincerely stated to provoke comments on the subject.

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