Middle East & Africa,
Food & Wine
Teach your kids about money!
Here are ten tips, given out by Forbes magazine on how to teach your kid about money while they are growing up. (Photos: Thinkstock)
Do: Model good money behavior. Kids mostly do what you do than do what you say.
Don't: Say "We Can't Afford It". The phrase may worry the child, who might think the family is struggling financially.
Do: Involve kids in household shopping. Involve children in household shopping by taking them to the store.
Don't: Take kids shopping for fun. Don't over-expose children to shopping.
Do: Bring your kids to the bank with you. Age 10 is a good time to open a savings account for them.
Don't: Use credit cards around young children. When children are young, always using cash to make purchases when you're with them.
Do: Give an allowance. Children should get an allowance in order to learn how to handle money on their own.
Don't: Give your kids loans. It’s important that kids make choices and then live with the consequences.
Do: Talk about money regularly and casually. Getting money into casual conversations teaches children that finances are important, accessible and not too scary.
Don't: Downplay the importance of money. Don't brush off questions about money or pretend that it's not important.
Screen Awards 2014: Deepika, Shah Rukh, Sonakshi, Shahid, Big B on the red carpet
Winners of Screen Awards 2014 – Farhan, Deepika, Shah Rukh Khan
Screen Awards 2014: B-towners and their selfies on red carpet
Candid moments captured at the Screen Awards 2014
View All »
Today in pics: January 9, 2014
Stars converge on small Saifai's for big SP gala
Polar freeze turns deadly, moves to US East and South
Nine burnt alive as fire breaks out in Bandra-Dehradun train
Devotees celebrate birth anniversary of Guru Gobind Singh
INS Vikramaditya enters home ground
Today in pics: January 6, 2014
Violence, boycott mar elections in Bangladesh