day 5 4 ye aan ut yw" @ PE-Y (Page 1 of 2) FIN 1050 TEACHING CHILDREN SOUND MONEY MANAGEMENT PRINCIPLES name: Nicholas Caclsen CLASS HOUR: A If/when you have children, how can/could you teach them the following principles (minimum of four ideas for each)? i The value of education or vocational training. A)Do hemewerk with them B)Ta\¥ about careers C) S+4rt q college Savings D) Teach them education leads to greater opportuni The importance of work. A) Work Carns wicne y BA sebisajeb Dont g usd weeking D) Teach example 7 fes ‘The value of money. A) Money needs tobe earned AW VG a (eh can spend or invest money waste mone yon unimportant thi D) Money Can buy vou vhcd yodnec ge ae How to save wisely. A) Pay yourself firs 4 B) MALE A Sevings a © Always have mse ccouns tenn interest} D) Dedicate aset+ amountev percenta © ete 5, How to budget wisely. 2 75, A) Write down your expenses re bnew your budget by ee bavate needs & c vem wants reate ab + budget Lit a a hem Continued on Page 2)