The Cleveland Jewish News – Sean McDonnell
“Unlike a more traditional gift, money can leave children and parents alike unsure on how to use their gifts. For many children, it is the first time they have had to manage a large sum of money and it can be an opportune time to learn about finances from their parents. Ric Rotolo, a financial consultant at The MiddleField Banking Company, which has branches through Northeast Ohio and Central Ohio, recommends teaching children about saving with their bar or bat mitzvah gifts. He says showing the child how their money can increase with different methods of investment can get the child interested in saving.” (more)