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Contact: Ron Wall, 956-2253	Air Date: June 1, 1998

Teaching children the importance of money pt. 1   Most parents agree about the need to teach children the importance of money. The question then becomes, "What should parents teach their children about the green stuff?" First, says UH family financial specialist Ron Wall, younger children need to be taught how to count change, how to make purchases, and how to separate the reality of goods from fanatasy advertisement. Older children need to be taught how to save for future needs or more costly wants, how to budget income over time and how to shop for the best buys. In addition, Wall has the following tips: · Self-denial is fundamental. Children must learn that they cannot have everything they want. Children who are seldom denied things become adults who are self-indulgent; · Wants should be limited. Children who depend on buying things to make them happy frequently become adults with the same problem; and · Children must learn to respect and appreciate the things they have. If they don't, they grow up to be careless and ungrateful with their personal possessions. More on tomorrow's University Report, I'm Tracy Orillo-Donovan.

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