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Feb 26

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How to Teach Kids About Money ~ Getting Started

how to teach kids about money

How to Teach Kids About Money.

 

I was not raised counting my pennies. I was an only child and only grandchild on my mom’s side until I was 11. I was spoiled! Not like a bratty little rotten kid, but I was used to getting whatever my little heart desired. While I did have lots of fun toys and experiences I am thankful for, when I grew up, I realized really quickly that I just had no idea what I was doing when it came to money. Through trial and error, I’m in a completely different state of mind now!

 

While reading Parenting With Love And Logic by Foster Cline and Jim Fay a couple of years ago, I came across a story about a mom who had repossessed her child’s CD player. I was aghast. What kind of parent would confiscate their child’s toy!? How cruel!!! Over time, I realized that mom was doing a better service to her children than I was doing to my son. Handing everything over to my little man didn’t teach him the value of money, work ethic, or how to budget. It taught him to be spoiled just like his mama. As my husband and I became Dave Ramsey followers, I realized that not only did we need to be debt free, we had to teach our children young (as in right this second!!) how to be responsible with their finances. As in Love and Logic, if they are given tasks to make mistakes in at a young age, they will learn their lesson before the stakes are huge.

So what can you expect during How to Teach Kids About Money?

During this series, we’ll talk about how to teach kids about money through about budgeting, saving, giving back and how they can save money with coupons. I look forward to your feedback on your own experiences growing up plus what you do with your own kids.

I hope you’ll join me on this journey and learn how to teach kids about money!!

 

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