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Old 06-03-2007, 11:09 PM
 
Location: Tennessee/Michigan
27,998 posts, read 46,390,031 times
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Also: What should I do with a $400,000 inheritance?

This week, a Minnesota mom is worried that her kids aren't getting the education they'll need to manage their finances as adults. Though there are a number of organizations that can help, kids still learn most of what they know about money from their parents the earlier, the better.

Where can my kids learn about money? - Personal Finance - MSNBC.com
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Old 06-04-2007, 06:07 AM
 
Location: Back in MADISON Wi thank God!
1,047 posts, read 3,240,344 times
Reputation: 1382
this is a good article.Unfortunately,there are way too many parents that do not know how to handle their money and can not teach their kids anything but their own bad habits!Look at the amount of debt people are in-credit cards,mortgaged to the eyeballs,no retirement savings,no college funds.Kids will ,and do learn this from their parents!
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Old 06-04-2007, 06:19 AM
 
4,963 posts, read 3,933,366 times
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I wish my mum taught me about money.

But now we are teaching our kids about money ; about work hard=money.
One of our boys will be a workhorse ; he really seems to like to do things. The other son will have to get himself a rich wife. Oh well
dorothy
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Old 06-04-2007, 01:02 PM
 
Location: Happiness is found inside your smile :)
3,178 posts, read 13,174,489 times
Reputation: 1256
I'm a financial manager - My son knows all about money and worth before he turned 5. He plays "store" all the time - this morning I was buying a pencil from him for $12 play money....at least he gave me change back

What I can't teach him is how to clean since I'm too much of a slob myself
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Old 06-04-2007, 01:04 PM
 
Location: Happiness is found inside your smile :)
3,178 posts, read 13,174,489 times
Reputation: 1256
I would need to know your peronsal financial stance right now to give you a good opinion on what to do with 400K, but I'd say aleviate your debts and put some in to long term securities while the rest into short term funds
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