Teaching Kids Financial Responsibility

Posted at 12:30 PM, Jan 14, 2016
and last updated 2016-02-16 13:24:49-05

TALLAHASSEE, Fla. (WTXL) -- Kids and teens might be anxious to spend that Christmas cash, but its also a good time for a lesson in financial planning.

Wealth advisor Stacy Bush joined us on WTXL Midday to offer some advice on how parents can teach their kids how to spend and save responsibly.

He says you need to find a system that works best for your family, but there are several options  

Bush recommends starting money lessons when your kids are young, and letting them see bank statements so they can actually look at how money is being spent  

Here are Bush's six tips:

1. Pay for hard work

2. Set up a savings system

3. Create a matching goal

4. Let them plan for the family

5. Make money lessons fun and purposeful

6. Allow them to make mistakes

Bush has practiced independent financial advising in the Valdosta area for 14 years. You can send in any questions to

You can also follow Bush Wealth Management online or on Facebook.