Family Living Focus by Pat Leach Indiana County Extension Agent • one of twelve original recordingsof John Deere // f n\s tractors plays at the top I 1 of each Hour ■ \r Jg'ji’ • Features 12 of the most \\\ J I &-Jj V notable John Deere tractors ' ' past and present Only $18.95. PA Residents Add 6% Sales Tax. + $5.95 Shipping. We Ship UPS. Country Housewares Store 589 Mutter School Road, Leola, PA 17540 717-556-0985 South of Rt 23 off South GrofFdale Rd. (Groffdae Ave ), Ist road on left past Hayloft Candle Bam - Between Lcola & New Holland shop-vac TfeCc Sirs'] ijM} 'nit „ ► Carpet/Bare Floors ► Kitchen shop<vac the Original wet/dry vac Come and see the complete line of the #l-selling brand of wet/dry vacs, filters and accessories. www.shopvac.com Shop-Vac* is a registered trademark of Shop-Vac Corporation. Kids And Money A Parents’ Curse Or Blessing? Parents, do you wonder where your children leam to handle money? Go to the nearest mirror and take a good look. Our children leam money management skills over a pe- (Qm@K • Ught sensor to deactivate sounds when room (s dark . Measures 1S s"x 1J S"x 2' • Requires three ~AA‘ batteries (not Included) ([te :.';!(• r-ii;-lir. [; i. Owfalbol^^^J / ► Hard-to-Reach Spots ► Efficient Filtration for Easy Clean Up Iff It Doesn't Say Shop*Vac, Keep Shopping!® riod of years by watching how others, especially we parents, spend and save. They also learn by having first-hand experience with money. Whatever the age of your children, it’s not too early or too late to teach and encour age them to spend and save wisely and to be disciplined about money. Parents’ attitudes about money stem from their fami lies. What did money mean to you as you were growing up? Was money a tool to sup port the family or the driving force of its existence? Was it used to hurt or to show love without using the words, “1 love you”? As a parent, you can de cide if the values you learned in your family were healthy values or not. If they were not, you are in the driver’s seat to make the necessary changes in your family so there is a more healthy atti tude about money from this day on. First of ail, at what age do you think children are aware of money or begin to grasp its concept? Age six or seven? No, the real answer at age three! - y ' CLOSED SUNDAYS, NEW YEAR, J EASTER MONDAY, ASCENSION DAY, WHIT MONDAY, OCT. 11, THANKSGIVING, Ftaairm Christmas & December zbth FISHER FURNITURE NEW AND USED FURNITURE Antique S Collectables BUS. HRS. BOX 57 MON.-THURS. 8-5 1129 GEORGETOWN RD. FRI., 8-8, SAT. 8-12 BART, PA 17503 www.lowes.com ©2003 Lowe's® Home Centers, Inc Lowe's* and the gable design are registered trademarks of LF, LLC For the Lowe's nearest you call 1-800-44-LOWES Prices may vary if there are market variations Scary, isn’t it, that a three year-old begins to learn about money! Think about how television sells to children. How much television does your three year old watch? Also, think how many times the topic of money creeps into family conversations even when the conversation didn’t start out that way. The one thing we, as par ents, need to realize is that whatever our own income be it meager or not so mea ger— we have a major teach ing role to play in teaching our children healthy attitudes about money. Even more crit ical is that we have a major role to prepare our children to be good money managers for the sake of their own fu ture. So, where do you begin with these young, impression able “little consumers”? One way to begin is to think about giving an allow ance. Give your child a regu lar allowance in denomina tions that make it easy to save. A $5 allowance, in $1 bills, makes it easy to put $1 in savings. Give a weekly sum at ages five or six. As your child gets older, increase the sum to include school ex penses, entertainment, clothes, and so forth. A rule of thumb for a weekly allowance is up to $1 for each year of age. Earnings need to be large enough so children stay interested but not too large that it is over indulgent. Remember that a set sum always should go into a savings. Lancaster Farming, Saturday, October 18, 2003-B5 Improving Home Improvement* Experts disagree on wheth er or not parents should with hold an allowance as a pun ishment or tie it to the chores a child performed. Some feel allowances, like a salary, should be paid consistently so a child learns to budget. Oth ers insist a child perform chores as a member of the family, not because he or she will be paid. And when there is a need to discipline, take away other privileges, not the allowance. The other viewpoint no work, no pay— of tying al lowances to completed tasks has a number of supporters. Payment hinges on comple tion of the work. In addition, children are expected to do other duties as members of the family. A simple “thank you” is the reward. Still others give a weekly sum to young children and a monthly cash outlay to teens. The important point is to en force that when the money is gone, it is gone. Parents do not bail out the spender. So, you see there are many avenues and approaches to beginning to teach your chil dren about money. One thing for sure is that you, as the parent along with your child, need to discuss the arrange ment that will work best. There’s no right or wrong way to teach children about money, as long as the method is consistent, clear and work able. If one method doesn’t work, try another approach. Allow children to learn by mistakes and by successes. Encourage and praise rather than criticize. Don’t forget to contact your local Cooperative Ex tension Office for some addi tional help or literature on money and kids.
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