teach money to kids

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Momma - posted on 04/07/2011

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Oh I totally agree, and we did have to have a discussion about being part of the family and doing what's expected, sorry, I did leave that out. :)

Deepti - posted on 04/06/2011

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taking along for shopping and teaching is a good idea. but frankly speaking, no offence intended, paying for the house chores is not a good idea..
because being a family member, it is the duty to participate in home tasks and cooperate... by giving money u r giving the message that she is special and if she does something for her family and home then it should be compensated with money... i would say that a child should be motivated to participate and help without monetary benefit... also do you get money for maintaining your house and doing chores then why should others...
i m giving u this link which may be of help to u, kindly visit:
http://perspectiveofdeepti.blogspot.com/...
ur child may not be a defiant one but u can get ideas to make her more responsive and responsible towards her family!!
have a gud day:))

Momma - posted on 04/06/2011

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The best way I found to teach money to my child was to explain that she doesn't just get money, she earns money. I rewarded her for chores and then would take her shopping, teaching her along the way that what she spends she no longer has. How to save for her big items and how to purchase quality items not just junk because it's colorful and caught her eye. Maybe explain what goes thru your mind when you buy things.

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