Thrifty Thursday with Alan Akina - Teaching Children Money Management

20 May 2011 · 1 min

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This content was created by Alan Akina. This content was uploaded by Alan Akina. This is a YouTube video titled "Thrifty Thursday with Alan Akina - Teaching Children Money Management" (Wake Up Today segment) published May 20, 2011. It’s a short on-air segment with multiple hosts and financial planner Alan Akina, in which Alan offers practical advice for teaching kids the basics of money management — the “3 S’s” (Save, Spend, Share) — and recommends allocations (save 25–50%, spend 25–40%, share at least 10%). Metadata includes the YOUTUBE content type and a thumbnail URL.

And parents, our financial planner Alan Akina has some great advice to help teach your kids about money management.
I like it.
Ever wonder how to teach your kids how to manage money?
In this week's Thrifty Thursday segment, Alan Akina shows us how.
Good morning, everyone. Here's a Thrifty Thursday tip for all of you with children. Teach them the basics of money management early. Now we found that most college students say they learned about money from their parents. So I teach my kids— I have Keanu, Kawika, and Kiani— the 3 S's of money management. I made them a little piggy bank that I got from Walmart, this 3-drawer mini set, and it describes the 3 S's. So the first S is money that we— Save. Money that we— Spend. And money we— Share. Now I advise my kids to save at least 25 to 50% of their money. They can spend another 25 to 40% of their money and share at least a minimum of 10% of their money in the form of tithing or donations to their favorite nonprofit. For Wake Up Today, I'm Alan Akina. See you on Monday.
Great advice, Alan. That is really well done.