Written by: Paul Vitale, Point Mortgage Corporation
There's no doubt that teaching your child smart money management habits is vital to their long-term success. But amid all the soccer games, PTA meetings and lunch-packing, the school year can get busy -- making summer the perfect time to start teaching them about money. Here are some great ways to help your child understand finances:
Empower them to earn. Start chores young, giving your child small, incremental responsibilities around the house in exchange for money, play time or another reward. Show them that hard work pays off.
Encourage them to get a job. When old enough, encourage your kids to get a job. Maybe it's babysitting a next-door neighbor or clearing tables at the