Teach kids finance lessons. Why is this important to do? How can we as parents teach our kids finance lessons?<\/p>\n
There\u2019s an old proverb that says \u201cwhen you don\u2019t know where to begin, start at the beginning.\u201d Let\u2019s first begin by defining our words.<\/p>\n
The word \u201cteach\u201d means to \u201cprovide instruction in.\u201d The word \u201cfinance\u201d is \u201cthe management of monetary affairs.\u201d A \u201clesson\u201d is something to be learned. And, of course, we all know what kids are. ;o)<\/p>\n
In other words, parents should instruct their kids to learn to direct or control the use of money when it comes to something that is interesting or important. Wow! Who knew that four little words \u2013 teach kids finance lessons \u2013 was such a powerful statement?<\/p>\n
Learning how to manage money is not just learning about dollars and cents. Learning how to manage money is a mind set and creating habits.<\/p>\n
Let\u2019s bring back respect for money. Remember back in the day when you saw a penny on the floor or ground and it was picked up? Back then pennies had valve. A piece of gum or a stick of licorice cost one cent. Finding a penny was considered good luck. How many people pick up pennies now?<\/p>\n
It\u2019s important to teach kids finance lessons with a healthy money attitude and language. Teach kids finance lessons by teaching them that they can, rather than they can\u2019t, manage money. They can learn to earn, save, donate, invest and spend money wisely.<\/p>\n
Watch how you speak to your kids. Don\u2019t say \u201cNo, I can\u2019t afford to buy this.\u201d Instead, you can say \u201cHey, that sounds great! How can you make the money to be able to buy this?\u201d It\u2019s not that we can\u2019t afford to buy this, it\u2019s our choice not to buy it. If we really want this, we\u2019ll find a way. \u201cWhere there\u2019s a will, there\u2019s a way\u201d an old proverb says.<\/p>\n
Help change your kids\u2019 perspective. Encourage them to work at something they love to do. Teach them to place more value on their time. Enable them to feel good about working for their money rather than just being given money.<\/p>\n
So we\u2019ve defined our words in the phrase \u201cteach kids finance lessons.\u201d What is our next step? ;o)<\/p>\n
You want to know how money savvy your kid is. Here\u2019s a FREE quiz \u201cHow Money Savvy Is My Child<\/a>\u201d where your kid, by answering seven questions, will find out if he or she is a \u201cwealth master,\u201d \u201cfairly money savvy,\u201d \u201cnot quite money savvy yet\u201d or \u201cmoney savvy deficient.\u201d<\/p>\n You want to teach your kids how to make money work for them. Your child has the potential to become money savvy and do well financially with age appropriate financial education. Don\u2019t give up on your kids! When you teach kids finance lessons, you teach them how to leave the nest and live on their own using their finances in healthy and wise ways.<\/p>\n No matter what level your child is at, it\u2019s never too late to empower your child with life skills and money savvy so he or she will be Clever with their Dough and have the positive self-esteem needed to live happy fulfilling lives as adults. It\u2019s important to teach kids finance lessons.<\/p>\n Cheers \u2026 Amanda van der Gulik \u2026 Excited Life Enthusiast! ;o)<\/p>\n","protected":false},"excerpt":{"rendered":" Teach kids finance lessons. Why is this important to do? How can we as parents teach our kids finance lessons? There\u2019s an old proverb that says \u201cwhen you don\u2019t know where to begin, start at the beginning.\u201d Let\u2019s first begin … Continue reading