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Under: Moms
How are you teaching your kids about money?
  • CherylM
    How do you decide when your child is old enough to discuss certain financial topics? What discussions have you already tackled with your child--and which are you planning to discuss in the future?
  • nk
    I started when my child was 3 y/o to begin to bring up the concept of money. Now that he's 7 I have him save and count his money and then see online what things he can afford at the store. Then he goes to the register to pay and he gets excited when there is change!!
  • acd10
    Ever since my first was born we set up a college fund. Now when he gets checks or cash for events (birthdays, Christmas etc.) we say College money!! and show him how we are excited, so he now (at 2 years old) sees money and cheers "college"! He even does this when he puts change into his piggy bank. It's really cute but we also feel like we are laying the foundation of saving now and that he will go to college, even if he doesn't grasp what that really means yet.
  • awest15
    This is a great question. It seems that it really depends on the parent, but starting young is a great way for your child to have a thorough understanding of finances and everything that goes along with it (budgeting, saving, spending, etc.). I think starting with a college fund and piggy bank are definitely great ways to start! For children ages 7 and older, there is a new children’s fiction book called Enchanted Collar that also teaches financial literacy. It has gotten rave reviews from both children, parents, and the media alike. Check it out!
  • JDSmart
    I'm not a mom, but I volunteer as a Financial Educator at middle & high schools in my community. I also try to use time spent with nieces and nephews as an opportunity to teach about money...hopefully in a fun way! I love taking my nieces/nephews to the Dollar Store, give them each $1, then tell them that they can pick any ONE thing out. OR, if they save the dollar (don't buy anything at the store), I will match it when we get home. It's fun for me to watch the wheels turn as they make their decisions!

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