“Let them know what options they have (for investing or saving the money) instead of just having them go and spend it all.” – Eric Cima, financial planner, Money Concepts, Libertyville
“A lot of money management is taught in the home, because that’s where they
get the money to spend.” – Fred Fox, director of school improvement, Algonquin Community Unit School District 300
“I get $2 a day for practicing the piano, but I’d probably practice anyway. Most of my friends get allowances and get money for stuff like baby-sitting and bringing home good grades.” – Jennie Sierra, 12, of Waukegan
“I’ve noticed in the last couple of years some banks now will let you open accounts for children with no service charges. That’s encouragement to learn about savings accounts.” – Jeffry Sannes, instructor of money management,
College of Lake County
