Children are not born with “money sense.” Children learn about money by example and experience, beginning at a very young age. Parents are an important influence on what and how children learn about money. It is never to early to start teaching sound money management skills. Begin teaching basic principles of money as soon as children can understand that money is needed to buy the things they enjoy.
Much of what your children learn about money is not from the conscious efforts you make to teach money management. Children are great imitators. Children pick up your values, attitudes, and money habits by watching and listening to you. In fact, you do not have to say anything to pass along money attitudes, habits, or decision-making styles.
If you shop with a list, your children will probably shop with a list. If you always spend money before it is earned, you may have a hard time teaching children to save. Children learn from observing you and others in the grocery store, post office, bank, toy store, mall, and home. Many parents are amazed at what children have learned about money through observation.
Online Courses:
*Children
*Teens
*College Students
More Articles
- Allowances and Your Children
- Are Gift Cards Wise Presents for Kids?
- Birthdays can be about Sharing
- Discussing Money Problems with Children
- Is a Part-Time Job Right for My Child?
- Money Talks: Web Site for Teens
- Saving Money for a College Education or Technical Training
- Saving for Children’s College Education
- Talking to Children About Money
- Teaching Children the Value of Money
- Thrive by Five
- What’s Up In Finance
- Wonderful Low Cost Summer Activities for Kids and Families
- Children and Money Research