What they say and do about money has a profound influence on his son. There are times when money every day, with the teaching their children the skills and important lessons about life can be. But what they say or do is not always obvious. Is it a good idea to pay for tasks or notes? How to help your child with a work ethic? How do you structure an allowance to help your child learn to make decisions? Why is the participation of their children in love is so important? Jon and Eileen Gallo, experts in the fields of child psychology and money to provide parents with eight key competencies behaviors that help them to educate their children financially responsible:

1st Get your money stories straight
2nd Facilitating financial considerations
3rd Are you a non-profit family
4th Teaching financial literacy
5th Be aware that the model values
6th Moderate your extreme money tendencies
7th Talk about tough issues
1st Develop a work ethic
Work ethic is a learned behavior, and parents are the best models for the education of children to acquire. If your kids to work hard and understand the meaning and satisfaction in that you want to do, make sure that the modeling of the right message. That their children do their homework and help around the house do not guarantee that it will grow to reach with a sense of responsibility and desire. Developing a work ethic, his son is a holistic process and the eight money behaviors financially intelligent parents are the key to this process.
2nd Get your own money stories straight
Because they can send messages to children about money all the time, it is imperative that you and your spouse on the same page when it comes to stories from their money. A story is a story of money, open, honest and personal financial affairs, especially the relationship, because most people with money developed during childhood. We need to recognize why you feel like you for money so send consistent messages and consistent with their children. If both parents are focused on stories of their money, get the children positive messages. Get your stories straight money not only means that you agree on basic issues such as benefits and savings for college. It also means that both have agreed to certain basic money values ​​you want for their children, how to give good, hard work is to identify teach its own reward, and do not always get everything you want.
3rd Facilitating financial considerations
As with most decisions for children when it comes to decisions about money is often impulsive. As parents financially smart, wants to teach your children, in the form of options, alternatives and consequences of thinking. This is called reflective thinking. Learn to think before and after taking a decision is a great skill, and one that is the hallmark of people to make good decisions about everything from careers, relationships with investment. Financially intelligent parents teach their children to the financial impact on the basis of available options rather than to assess impulsive. As a result, children recognize that it has to many options and the ability to make good decisions.
4th Are you a non-profit family
With your children that they spend more money not for herself, she encourages more compassion and care. By participating as a family to help in volunteer work and community, your children develop empathy and a sense of responsibility towards others. Your children will realize that they have the power, the lives of others. Because children learn by modeling, you have to do more than write a check for charity. They must show their children what it means to help others. Can accelerate Modeling charitable behaviors, including voluntary work, your child empathy and a desire to help others.
5th Teaching financial literacy
Although it is important to teach children how to be a checkbook and a balanced budget, should learn to actually be a financial literacy of their children in the context of the values ​​and behaviors money. Your children need a combination of concrete examples, their own experiences and economic thought. If you do not learn to act responsibly with money, as children have to learn as adults, if the cost is much higher. One of the best tools to teach their children financial literacy is an allowance. Approach to grants in line design makes decisions, convey the wisdom of their children instead of controlling them. An allowance also helps your children a balanced perspective about the money, the funding cuts investment and giving, plus expenses.
6th The knowledge of the values ​​that the model
Their children are in line with the decision to buy. The opportunities to spend your money, sends messages to your children about your values ​​and priorities in life. Children also notice how you spend your time and your actions can unintentionally send messages that did not mean to get their children. The loss of the opportunity to spend quality time with their children, to bring in extra hours at work, or manage your money, send a message that money is more important than family. Financially intelligent parents are very aware of your spending habits and how they work and family time and values ​​are conveyed.
7th Moderate extreme tendency money
Extreme tendencies of money can make money disorders that are caused chaos in his family and send the wrong messages to their children. There are several types of money disorders, ranging from shopping to credit card indebtedness to accumulate excessive frugality. Regardless of the disease, the cause of the extreme patterns of your children’s money to confusion and uncertainty in their lives. Financially intelligent parents learn to recognize and moderate extreme money behaviors.
8th Speaking about the difficult questions
Parents avoid over financial issues, that make them uncomfortable or seem to be too complicated. Although the model of good behavior speaks for the money in a way, except to congratulate these behaviors good money, you’re not as effective as possible. Financially intelligent parents recognize, for the times each day school for you and your children the opportunity to talk about financial issues. You should welcome these opportunities, as difficult as they are to discuss and reflect on financial decisions.