The money world of your young modern
This publication (one of a series) is intended to help you as a parent to understarld the place of money in your child's life. Since each family is different, you will have to adapt the information to fit your own situation and your financial circumstances. Your child will be better equipped to solve many of the complex problems of his adult life if you have provided training in establishing sound financial habits.
Table of Contents
The money world of your young modern. Important considerations; Blue print for money management ; Make plans ; Consider your goals ; Estimate income ; Make a spending plan ; Keep records ; Account for income and expenditure ; Evaluate your plans and records ; Compare plans and records ; Some specifics for making plans ; Goals and values ; Sources of income ; Allowances ; Earnings ; Gifts ; Savings ; Steps in making a spending plan ; How does your young modern spend money now? ; Start with savings ; Plan spending for needs and wants ; Controls needed ; Check the plan ; Evaluate plans and records ; Future money management suggestions ; Good "buymanship" ; Proper use of credit ; Reasons for using credit ; Disadvantages of using credit ; To guide yourself ; You are on your own
Archive version. For the most recent information see extension.missouri.edu.