What if a child is reluctant to spend or to save?
Read the full transcript »
Host: What if a child is reluctant to spend or to save? Rene Hackney: Reluctant to spend, it means showing them, what things are fun and how they can use their money in and maybe pulling money with them, you might want to try some more fun things, like saying, "Wow! If you can ship in half of this I'll do the other half. If they are reluctant to save, you can make it more fun that way too, you can say, "Hey for every $5 you save I'll give you an extra dollar. "That 401K plan where you are kicking in an extra amount and making it a more fun process. So, the idea is just kind of loosen up and lighten up and help them enjoy it.