4 Money Lessons To Teach Your Kids

Abel says on August 9th, 2007 at 5:46 am

These are important lessons even for adults. It’s high time now to teach kids about money in this debt-ridden society.

You may also want to check out this related article:

http://www.parentwonder.com/content/view/194/26/

10668844 says on August 9th, 2007 at 9:33 am

A very good post for all of us young parents.

Being 30, I was part of the time when they would give an 18 year old student 20g in credit without having a job. The thing is, no one told you the ins and outs and at that time there was not a large base of stories of people getting into credit trouble.

My piece of advice, show your children real examples of people who have made credit mistakes and what the outcome is really like.

The lessons that I am teaching to my daughter will make sure that if nothing else she understands fiscal responsibility.

MDB says on August 9th, 2007 at 9:40 am

If only I had listened to my parents more about the dangers of credit card quicksand. I shall be a bit more clear and open with my daughter.

Honman says on August 10th, 2007 at 4:18 am

Yes. Rich kids just need to request money from their parent and they can get the money to buy things that they want and they do not treasure the things that they get. Whereas poor kids save money to get things that they want and they will treasure what the things that they get eventually. It is important for the kids to learn about money and handle money themselves or else they might have the misconcept that money come easily and do not treasure the things that they get.

Nadine Aroyo says on August 14th, 2007 at 9:45 am

We are very interested in hearing more about your efforts to bring financial literacy to children, and help them be aware and secure their futures.

We are OINK! the Business Newspaper for Kids, primarily aimed at 7 to 12 year olds. OINK! is pink, like the Financial Times, full of money matters for kids and is distributed FREE each month upon request to schools, libraries, children’s hospitals and sports clubs across the United Kingdom.

Over the past four years we have built a steady reputation of bringing information about money and commerce to kids in a fun, creative and highly stylised way. The newspaper’s content is cutting edge, ground breaking and often thought provoking, and has won recognition from the National Literacy Trust and the Schools Library Association as an important literacy and learning tool.

Amongst our many supporters, we are pleased to include the Bank of England, the London Stock Exchange, the Financial Times, ICICI Bank, Capital Disney, FUN radio, SEGA, Hamleys, SONY, Bandai.

We produce a weekly radio show, OINK! ON AIR, which is broadcast each Sunday on FUN radio – the UK’s favourite children’s digital radio station.

We have recently introduced the Piggybank® Fantasy Stock Exchange™ which provides kids with a fantastic opportunity to learn all about stocks and shares and play the stock market absolutely free.

Below please find a link to our websites.

http://www.piggybank.co.uk
http://www.fantasystockexchange.biz

Emma Ranson Bellamy says on October 5th, 2007 at 2:10 pm

I couldn’t agree more, teaching children to create a savings habit is what save a bit spend a bit is all about. If we can inspire a saving’s modus operandi children will learn to spend wisely and save carefully, they will learn to save precious resources and will have a far more confident and open attitude towards money conflict which is the cause of so many permanent family break ups.

Teachers and parents can log on to our site which offers many free resources including a game, an audio download story e cards and much much more.

http://www.saveabitspendabt.co.uk