Raising Money-smart Kids, Easier Said Than Done

Physician's Money Digest, May 2007, Volume 14, Issue 5

Kiplinger's

It's a Habit, Sammy Rabbit!

Because immediate satisfaction is oftenfar more tempting than the promises ofthe future, you may have difficulty convincingyour younger children to savetheir money. Teaching them the valueof learning to save and invest seems anear-impossible task. However, anarticle in describes anauthor, Sam Renick, who wrote thebook , inwhich Sammy learns to build up astash of carrots, and then saves theday for his family when a storm washesaway their storage shed. Renick hasspent many months on the road, takinghis message to schools—a ratherunusual approach to financial education inthe classroom.

While few states require such courses,Renick feels that only parents can reallygive kids hands-on lessons in managingreal cash. For more information and trainingresources for your children, visitwww.itsahabit.com.