Teaching kids the value of a dollar - WFLA News Channel 8

Teaching kids the value of a dollar

Posted: Updated:
TAMPA, FL (WFLA) -

If you're a parent, one of the hardest jobs can be teaching kids about money. How do you instill the importance of earning and saving?

Money expert Gary Marriage of Nature Coast Financial Advisors in Crystal River says, "The earlier parents can start teaching their kids about money, and the value of money, the better off they're going to be in the future."
With most adults using plastic to pay for things, it's hard to explain to children how money really works. "They see their parents to go the ATM and they draw money out, so they think that's where parents get money, is through an ATM" says Marriage.
Marriage likes the idea of having children open their own bank account where they physically deposit and withdraw money.
He is also a fan of giving children allowances they have to earn. "Allowances, I think, are good for doing different things around the house. It starts getting into their head. I've even instructed some parents to pay their kids every two weeks. Because 90% of the jobs out there pay every two weeks."
   

Don’t miss out on the day’s top Facebook conversations http://on.fb.me/18y81Cl

  • 8 On Your SideMore>>

  • Woman says she bought tainted Hostess donettes at Sarasota gas station

    Woman says she bought tainted Hostess donettes at Sarasota gas station

    Friday, August 1 2014 5:33 PM EDT2014-08-01 21:33:29 GMT
    Everyone loves a good donut. But not the ones Jena Slinkard bought Thursday night at gas station in Sarasota. She just wanted a yummy, powdered donut late at night. So she bought a few packs, but when she bit into her normal favorite, Hostess Donettes, she spit it right out.
    Everyone loves a good donut. But not the ones Jena Slinkard bought Thursday night at gas station in Sarasota. She just wanted a yummy, powdered donut late at night. So she bought a few packs, but when she bit into her normal favorite, Hostess Donettes, she spit it right out.
  • Back-to-School Tax-free Holiday is here

    Back-to-School Tax-free Holiday is here

    Friday, August 1 2014 11:37 AM EDT2014-08-01 15:37:09 GMT
    It's almost time to head back to school and that means it's time to shop.
    It's almost time to head back to school and that means it's time to shop.
  • Tampa Bay woman feels ripped off, pays $61 for coins worth $1.50

    Tampa Bay woman feels ripped off, pays $61 for coins worth $1.50

    Thursday, July 31 2014 6:10 PM EDT2014-07-31 22:10:55 GMT
    Vickie McInnis responded to a newspaper ad promising a chance to buy old, rarely-seen coins.Vickie McInnis responded to a newspaper ad promising a chance to buy old, rarely-seen coins.
    Vickie McInnis responded to a newspaper ad promising a chance to buy old, rarely-seen coins that have been sitting in a bank vault for years.With shipping, she paid $61.43. But, here's what she received: a bag of about 100 pennies, worth at most: $1.50.
    Vickie McInnis responded to a newspaper ad promising a chance to buy old, rarely-seen coins that have been sitting in a bank vault for years.With shipping, she paid $61.43. But, here's what she received: a bag of about 100 pennies, worth at most: $1.50.
  • NewsMore>>

  • Body found near Polk search area for missing girl

    Body found near Polk search area for missing girl

    Friday, August 1 2014 9:53 PM EDT2014-08-02 01:53:38 GMT
    Alexandria Chery, 16, of OrlandoAlexandria Chery, 16, of Orlando
    A decomposed body has been found near the search area for a missing 16-year-old Orange County girl.
    A decomposed body has been found near the search area for a missing 16-year-old Orange County girl.
  • Tampa attorney says taking cover a part of life in Israel

    Tampa attorney says taking cover a part of life in Israel

    Friday, August 1 2014 8:56 PM EDT2014-08-02 00:56:30 GMT
    Today in Tampa, young and old, Christians and Jews gathered in Lykes Gaslight Square Park. About 200 of them showed their solidarity and support for Israel in its latest ongoing bloody battle with Hamas. One bay area man watched some of that battle up close. Tampa attorney Mark Wright watched the war unfold on television. Wright is Jewish-American, has friends in Israel and traveled to the Jewish state several times. He said he felt the need to go, to help....
    Today in Tampa, young and old, Christians and Jews gathered in Lykes Gaslight Square Park. About 200 of them showed their solidarity and support for Israel in its latest ongoing bloody battle with Hamas. One bay area man watched some of that battle up close. Tampa attorney Mark Wright watched the war unfold on television. Wright is Jewish-American, has friends in Israel and traveled to the Jewish state several times. He said he felt the need to go, to help....
  • No love for Lyft in the Tampa Bay area?

    No love for Lyft in the Tampa Bay area?

    Friday, August 1 2014 7:36 PM EDT2014-08-01 23:36:29 GMT
    Kevin Ludig feels like a rock star – he loves his job at Lyft that much.“You know I keep telling people I feel like a rock star because everyone keeps talking about what I do,” joked Kevin in his sleek Mercury MKS Hybrid. “I love this job.”Kevin uses his life at Lyft as a supplement to his work in solar panel sales.
    Kevin Ludig feels like a rock star – he loves his job at Lyft that much.“You know I keep telling people I feel like a rock star because everyone keeps talking about what I do,” joked Kevin in his sleek Mercury MKS Hybrid. “I love this job.”Kevin uses his life at Lyft as a supplement to his work in solar panel sales.
  • Sign up for WFLA News Channel 8 Email Alerts

    * denotes required fields






    Thank you for signing up! You will receive a confirmation email shortly.
Powered by WorldNow

200 South Parker Street, Tampa, FL 33606

Telephone: 813.228.8888
Fax: 813.225.2770
Email: news@wfla.com

Can’t find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.