Friday, April 22, 2011

Teaching Your Kids about Money


Most children have that simple notion that their parents have money-growing plants hidden somewhere in their closets where all that green stuff that can buy things came from. Or they may think that having that small plastic thingy is enough to let them but whatever they want. That is why it is essential for people to teach children the real value of money as early as possible in life so they can grow into good and responsible people who understands the importance of money and how they should use it wisely.


The first thing to teach them is to let them know that it is hard to get money by giving them chores in exchange for extra allowances. Assign them chores that is not totally easy to accomplish but something that they can do on their own. Give them praises after they accomplish the feat aside from the extra allowances. Explain to them that you are also doing the same thing in order to get that same money you are giving them.

When they want to buy something with their money, explain to them what money should be needed for. Show them the importance of looking at prices and how they should not spend all of their money by buying anything that they can see. Teach them how to save by bringing them to the bank and letting them fill up their own forms and talk to the bank officer.

Lastly, teach them the value of sharing and giving part of their money away to those who are in need and to be thankful always to the money that they receive. Doing so would teach them how to grow as good members of society who knows the real value and meaning of money.

Join me in this journey to discover the reasons why we have money and how you can manage your money wisely and properly and achieve true prosperity - and how we can teach our children to do the same.

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Peter Allan Mariano
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