Some people say, "Timmy is so young. I want him to enjoy and be happy innocent. Money is a concern for adults, not children." I say: "We are raising a generation with 'sucker' stamped on their foreheads, because we're teaching them ."

Your job as a parent would not only make your child happy . You are raising the future grew-up that needs to be able to deal with adult issues. If you teach little Timmy how to handle money responsibly, then grown Timmy will be better equipped for a richer life. See the statistics below:

19% of Americans between the ages of 18 and 24 years declared bankruptcy in 2001. ( USA Today , 2001) fastest growing group of bankruptcy filers are those people who are 25 years or younger. (Senate Committee on Banking, Housing and Urban Affairs, 2002) More than 80% of students had at least one credit card and almost 50% of the university carries 4 or more credit cards. According to the Department of Education, the average balance carried by these students is more than $ 3,000. (Sen. Chris Dodd, CT)

These statistics show that many children are not taught how to handle money. Young people make mistakes with zeros at the end of them. These mistakes often take years to overcome. Teach your children how to handle money while they are young, and they are will not make a mistake later in life.

Financial Peace Junior kit (aged 3 to 12) is an excellent way to teach children the value of money and work. The kit includes three envelopes labeled Savings , wear , and Granting . money that goes into these envelopes is earned through doing chores, which are charted on the commission board. If chores done, the child gets the money, and if the chores are done, the child gets no money. This teaches children the value of making money .

Savings envelope teaches children the importance of saving for future use. I tell my children when they are so young that they must save money if they ever want to buy a car.

wear envelope, your kids still be kids and enjoy the instant pleasures of buying toys and treats.

Granting envelope is a way to teach kids that giving is part of life. If you are in the church parking lot, and you hand your child $ 2 to take the children of the church collection plate, the child does not get spiritual blessings, and does not understand. The child was only a courier, bringing their money to offer. But when children bring money they earn, then you realize that a given part of life.

Financial Peace Jr. and our kids' book is a designed to help parents teach their children how to operate and handle money responsibly. Recommended for children under the age of 13 and attend Financial Peace University with his parents.