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Kids and Money: A Little Education May Pay Off

Kids and Money: A Little Education May Pay Off

| December 10, 2019
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Just about anyone who's ever watched a child or grandchild go from the crib to kindergarten and beyond has
uttered the phrase, "They grow up so fast." Although you can't really freeze a youngster's precious moments
in time, you can take steps to make sure that his or her journey to adulthood starts with a sound
understanding of money, investments, and personal financial responsibility. The following activities will help.

Count on Counting Your Change:
Smart shopping might begin with a hunt for bargains, but it should end with a review of your transactions. To
drive this message home, encourage your kids to unload the groceries and simultaneously compare price tags
with the receipt. If they find a mistake, let them hold on to the refund.

Play "The Stock Market Game™":
Get online and go to "The Stock Market Game." Sponsored by the SIFMA Foundation, it lets kids in grades 4
through 12 assemble and monitor a hypothetical $100,000 portfolio for 10 weeks.

Make a Matching Contribution:
Want to motivate a child to save? Just offer to match a portion of each savings account deposit he or she
makes. And don't be afraid to set a few rules -- for example, matching contributions can't be spent on candy
or pizza.

Take Stock of Household Products:
If your child is old enough to understand the concept of stocks and publicly traded companies, go through the
house together and identify favorite items, such as computers and clothing. Then look up the manufacturer's
stock price and monitor it over time.

About Happiness Wealth Management:
Mike Duffy is the CEO of Happiness Wealth Management in San Carlos, California. He is the author of 5 books
on happiness. He has a TEDx talk. He has guest lectured at Stanford University. He helps people be happier
with their money. If you have over $500,000 in liquid assets and would like to have a free consultation about
investing, please call Mike at 650-413-9435 or email him at mike@happinesswm.com. Our website
is www.happinesswealthmanagemnet.com. Take control of your wealth and be happier for it! Call or email us
today.

Because of the possibility of human or mechanical error by DST Systems, Inc. or its sources, neither DST Systems, Inc. nor its sources guarantees the accuracy,
adequacy, completeness or availability of any information and is not responsible for any errors or omissions or for the results obtained from the use of such
information. In no event shall DST Systems, Inc. be liable for any indirect, special or consequential damages in connection with subscriber's or others' use of the
content. Investments may lose value, are not FDIC insured and are not guaranteed.

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