The concept of kids and money can be a challenging one.
My friend, Martyne, had her son late in life. She was 41when Stephen was born. She had waited a long time to become a mother. She only wanted a son. That’s another story! ;o) And she wanted to be the very best mother she could possibly become.
Martyne worried about everything! Initially, she worried about giving birth. “I’ll be the first mommy that keeps her baby in her belly forever!” she groaned. However, she did give birth and out popped her son. That, too, is another story! ;o)
We spoke a lot about raising children. What were the important challenges we as parents were going to face to help our kids grow up? We both agreed that good money lessons learned early in life avoided creating bad money habits later on in life. Kids and money is an important concept. Imagine wasting precious time to unlearn bad habits and then learn good ones! ;o)
When to begin? Where to begin? Those are good questions. I have good answers for them too. ;o)
Kids and money begin at birth. That’s right, I kid you not. When your precious child is born, it is a perfect time to open a savings account for him or her. Deposit those birthday and holiday checks. Start saving for that all important college education now. Imagine your child’s excitement and watch as your child’s self-esteem grows.
Money doesn’t fall out of the sky! Money needs to be earned, saved, invested, donated and spent wisely. Kids and money are facts of life. Your kids will be given money and will earn money. Your kids will donate money and invest money. Lack of money is a tremendous stress on our lives and is the number one reason in the USA why couples divorce today! It’s not just learning about dollars and cents. Money is a mind set and creates habits. A child who has money feels good inside. Feeling good inside strengthens a child’s self-esteem.
Where to begin with kids and money? Why all you need are six little jars! ;o) Click here to watch the free video kids and money lesson, “The 6 Magical Piggy Banks.” This lesson will show how your child can manage his or her money even at a very young age.
Martyne really wanted to focus on finding the best way to teach her son, Stephen, about money. She knew how important it was for children to learn the fundamentals of sound financial strategies early in life. She wants to raise her son to be a well-prepared, empowered, money savvy young adult.
Kids and money is a very worthwhile concept for sure! Here’s to empowering our kids to be clever with their money and have the positive self-esteem that kids and money can give them and that is needed to live happy fulfilling lives as adults! ;o)
Here’s to empowering our kids about money! ;o)
Cheers … Amanda van der Gulik … Excited Life Enthusiast! ;o)