Listen Now: Financial Lessons

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Want your children’s education to pay off, teach them about what’s paying for it. I’m Brian Banmiller on business.

School teaches your children how to read and write, about our world’s history and how to solve basic to complex equations. What it doesn’t teach is how to apply for a credit card, make a budget, and read a lease agreement. So, if you want your kids to be financially successful, there are certain money lessons you should teach them. According to msn money that includes where the money comes from. We work for our money; the bank doesn’t just give it to us. Explain this by giving them an allowance for chores, putting it in a bank, and taking out what they need when they need it. Along the same lines, money doesn’t grow on trees. If your children spend all their allowance don’t give them extra to tide them over. They have to understand what it means to run out of money and that it can happen. For more lessons to pass along go to Banmiller on business dot com. Save them from learning it the hard way, brian banmiller, cbs news.

About Brian

CBS News Radio national business journalist Brian Banmiller has spent more than 40 years in the news industry, covering business, politics and the economy on television, radio and in print. Currently, his “Banmiller on Business” reports are delivered to an audience of millions nationwide.