Want Your Kids to Learn About Money? Here's What They Need! by Barb Desmarais

Money Parenting
6 years ago
Want Your Kids to Learn About Money? Here's What They Need!

I will never forget hearing parenting expert Barbara Coloroso ask an audience, "How many of you here got paid for doing the dishes tonight?" I thought about it afterwards and realized when a group of people are living under one roof, we all do our share, because it's the right thing to do. It's essential, though, that our kids learn the value of a dollar, and to discern between wants and needs.

To learn about money, our kids need money. If we give them a set amount of money every two weeks and tell them it is to be used for the things they want, such as special treats, toys, electronics, etc., they very quickly learn to evaluate the cost of things and to save for things they really want. As well, it immediately eliminates the constant, "Can I have…"

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Elisa Schmitz, 30Seconds
Smart, Barb Desmarais! I think giving kids an allowance is a great way to get them to understand the value of money!
Christine Jones
I so agree with you Barb Desmarais! If kids don't have their own money to manage they think everything is "free". Great tip!

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