Posted By Chaoran Hu
Tina Vance, a Chantilly stay-at-home mother of four, has been working hard at giving her family a financial education. She makes the kids, ages 4 to 14, contribute 10 percent of their allowances to savings and charity and she includes them in discussions of household finances. Vance heard nothing from her own parents about money or their financial situation, but she laid it all out for her children.
She used Monopoly money.
"I put a pile on the table equal to one month of my husband's salary. I also got out the cable bill, the phone bill, the Giant receipts, everything we had paid for that month," she said. "We went around the table, and each kid took a turn paying a bill. After all the bills were paid, there wasn't much left."
She used Monopoly money.
"I put a pile on the table equal to one month of my husband's salary. I also got out the cable bill, the phone bill, the Giant receipts, everything we had paid for that month," she said. "We went around the table, and each kid took a turn paying a bill. After all the bills were paid, there wasn't much left."
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