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Using the Tooth Fairy to have the ‘money talk’ with kids

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(PIX11) — National Tooth Fairy Day is Friday, August 22, and according to Visa’s annual Tooth Fairy survey, American children are receiving less money for their missing teeth.

Parents are giving kids less money and more disappointment. However, it’s an ideal opportunity to teach them about saving and personal finances.

Jason Alderman, Visa’s Vice President of Global Financial Education and personal finance expert, discusses tips on how parents can use the Tooth Fairy’s visit as an opportunity to lay the foundation for helping children develop sound money management habits early in life. Check out his piece on Tooth Fairy spending here and the info graphic here.

You can also join Visa’s Practical Money Skills Thursday, August 21, to discuss the results via live Twitter Chat hosted by Wise Bread at 3pm EST. The chat can be accessed at http://tweetchat.com/ by using either #WBChat or #toothfairycalculator.