Parent shares how he teaches kids about money

I recently received an email from Danny Kofke, author of How To Survive (and perhaps thrive) On A Teacher’s Salary, about some of the ways he helps teach his 5-year-old daughter about money. Kofke has set up three jars for his daughter labeled GIVE AWAY, SAVING and SPENDING. This is what every parent should be doing with their children. From a young age we can help instill in our children a sense of philanthropy and the ability to make financially smart decisions like saving. Here’s a nice clip of Kofke talking about his method on Fox Atlanta.