With all that is going on in this economy, many people losing their jobs, losing their homes, higher gas and food, etc., many ask how do I talk to my kids.  I like many of you feel bad about having to say no to my kids when they reach for that special snack or that toy. 

The fact of the matter, this is economy is cause families to come back to dinner table together and have open discussions together.  So why not discuss the what is going on with the economy with your children.  My daughter (8 years old) stated, "Mommy, I noticed that there has been a lot of people talking about money, lately.  We have even been talking about it in school, some kids don't understand what's going on, some kids are sad because there parents lost their jobs." As a parent, finding the right words to say was hard.

I recalled conversations that I had with my parents as a child about the value of a dollar. So I had to put on my FDIC Speaker Hat and broke it down to my kids in a language that met their age range.  Many may say you have an unfair advantage because you give "Money Smarts" seminars, well, that might be so, however, there are programs out there to assist parents with this matter.

We have got to get back to the basics of remembering the times of when we were children and how our parents had these discussions openly with us.  Many children of today are being sheltered from the truth about money and the role it plays in our lives.  The FDIC has information that can assist you in teaching your children about money, the banking system,etc. 

For additional info, please see my blog, "Money Smarts", Our Children Need to Have Them Too!

Please take a look at these websites http://www.fdic.gov/ and http://www.mymoney.gov/, you will not be sorry!  The website offers a free on-line seminar.  You are never too old or too young to learn how to become financially literate. 

The is one of the best gifts to give to your children!

Urban Knight Enterprises, Inc. * Real Estate Investment Services * 610.935.5944  www.UKENotary.com