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Author Talks About Teaching Kids Value of Money

Author Talks About Teaching Kids Value of Money

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(KSL News) -- Many parents struggle to find effective ways to teach their kids the value of money.

Author Janet Bodnar made a pit stop in Utah to address that very issue. She says it's all about attitude; the parents' attitude that is.

Janet Bodnar, Author, "Raising Money Smart Kids": "Parents don't know how to say no to their kids. They tend to be afraid of their kids. Oh, they won't love us anymore or they think their kids are going to be influenced by their friends, or by television, by media and what chance do I, the mere parent... Have to have some influence."

Bodnar says parents do have influence over their children at all ages, even though sometimes it may not seem like it.

She says parents need to create limits and, more importantly, learn to say no.

Janet Bodnar: “Parents really sometimes think that their kids aren't going to listen to them. But they really do. And the younger you start with kids the more chance you have that they are going to listen to you."

Bodnar says parents need to watch what they say to and around children. Children tend to take things literally.

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