Once you have kids, you realize something pretty quickly.
Their dreams become your dreams. And your dreams are inextricably tied to their lives as well (climbing Mount Everest might still be a goal, but you might need to look into some babysitting).
We've walked you through how to create your own financial vision board, a poster or bulletin board you fill with images and words that illustrate your financial goals.
But let's face it: when it comes to glue and scissors, it's way more fun to get your kids involved.
A family vision board is a great way to get the family together to focus on your unified goals and financial dreams. This project is perfect for the holidays, when you're thinking about where you want to go in the new year ... and you have a ton of useless catalogs lying around the house.
What You’ll Need:
- Poster board
- Glue sticks (plain old glue tends to cause magazine pages to ripple)
- Catalogs and magazines (the more variety, the better)
How to Create a Successful Vision Board:
- What kinds of people, places and things do you love most?
- What are your favorite things to do?
- What colors are your favorites?
- If you could visit anywhere, where would it be?
Since younger children might not conceptualize "the future," their board can illustrate their personality. Older children can answer more pointed, goal-oriented questions, like "What do you want to be when you grow up? What kind of house do you want to live in? Which places do you want to visit?"
Would You Make a Family Vision Board?
If you made one, what kind of things would you include? Would you use your family vision board to teach your child about money?
Gather your family together. Have your children tear out any images they like in the catalogs and magazines. You should do the same. Everyone should indiscriminately tear out anything that speaks to them. Look for visual representations of concepts like savings (piggy banks, dollars), because that should be part of the family goal and is a great concept for kids to value.
3. Share & Agree
Once everyone has a pile of their tearouts, take turns sharing your dreams and goals. If there are common themes, or if other family members chime in their support: "I'd love to go to Hawaii, too!" or "Yes, Jason, you should totally try karate next year!" then that is a "family" dream and should be set aside. The goal is to get around 10-15 shared family dreams to put on the vision board. The goals can be both short term (saving an extra $20 a month next year) or long term (buying a new car in a few years).
The next step is to cement the family visions by gluing them down. There is some power in making the image permanent, and have each person speak aloud the goal as he or she glues it down. Have fun with this, and add in other crafty extras like glitter, beads, or textual words of encouragement (like "SUPERSTAR" or "DREAM").
Display the board somewhere your entire family can see it. If your kids loved the activity, repeat the project six months or a year later. Point out what's the same about the board and use differences as a jumping-off point to talk about how your kids have changed since last time.
When you reflect on your family board, take it one goal at a time. Choose one major goal to focus on this year and create a folder for it in the LearnVest My Money Center. Start saving for it! Show your kids that by cutting an extra $10 from your grocery bill this week, you can now afford ballet classes for your daughter. Have your kids contribute something from their allowance for their goals (or to help out a sibling).
In the end, a financial vision board can help a family rally around common goals and achieve financial dreams together.
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