As Parents We Need to Teach Kids the Value of Money

How to teach kids the value of money?

This question strikes almost all parents. But very few end up getting answer to the question how to teach kids the value of money. In this article I’ll discuss how to teach kids the value of money.

teach kids the value of money

The bad thing about kids is they don’t understand the value of money. Parents need to know how to teach kids the value of money.

The price of naivete

Kids are naive. Parents often don’t understand how to teach kids the value of money. They fear that the naivete will put them at odds with money and make them vulnerable to con artists as they grow up. Parents should be encouraged to know how to teach kids the value of money.

What parents should do?

Naivete stems from innocence. Rinsing out every trace of naivete from a kid implies killing off his innocence. Parents feel they are doing the right thing but they are wrong. They simply don’t know how to teach kids the value of money. The ideal way is to harness their innocence.

As naive, kids are way more receptive to ideas than adults. They never shut themselves from any suggestion no matter how ridiculous it sounds. So all parents, who are worried as to how to teach kids the value of money should rely on the innocence of their kids when delivering them money related advice and teaching.

Money is not a goal

Parents often make a mistake. To know how to teach kids the value of money, they tell kids stories related to money. It’s not uncommon hearing parents using expressions like “He is happy because he is rich,” around their kids. Such ideas are toxic as they don’t help parents understand how to teach kids the value of money.

Those parents don’t know how to teach kids the value of money. Their kids grow up believing money is the destiny in itself when it is not. Money is merely a tool that help us live a decent life, an independent and dignified life. To know how to teach kids the value of money, parents first need to change their lenses to look at money. Money is to bring happiness, but money is not happiness.

Frugality and stinginess

Want to know how to teach kids the value of money? First understand the difference between being frugal and being miser. A frugal person is one who spends money when it is reasonable for him to spend. A miser is one who never spends money. All those who wonder how to teach kids the value of money should learn to separate the two, or else you can never know how to teach kids the value of money.

Parents can demonstrate how to teach kids the value of money by inspiring their kids to act frugally but not as a miser. This is the answer to the question how to teach kids the value of money. Many people ask this question but not everyone gets to know how to teach kids the value of money. If you want to know how to teach kids the value of money, then encourage them to spend money when needed, not when it’s not needed.

Lessons for preschoolers

Preschoolers are typically 4 year olds. They are young. Parents who wonder how to teach kids the value of money, should know how to teach kids the value of money, who are of this age. They can give preschoolers allowances. Books on how to teach kids the value of money.

As preschoolers learn to count, they gradually show a knack towards money. Books on how to teach kids the value of money and psychologists, who share tips on how to teach kids the value of money advice parents to understand how to teach kids the value of money.

In school

Schools know how to teach kids the value of money. They teach them using stories, example, etc. As they focus on how to teach kids the value of money, kids learn it when they leave school.

School and parents should interact over how to teach kids the value of money. This how kids will learn the true value of money.

What do you think of this article? How would you teach your kids the value of money? Let us know in the comment section

About Tina Roth

Get to Know Me Better. Hi, I'm TINA! I am a financial planner, blogger, and freelance writer and digital marketing consultant. The idea of starting a finance blog has been hitting me for long; I took it seriously after falling into a spiral of finance debacles and recovering from it. Here I write about personal finance and money management tips.

One comment

  1. Excellent points here. Starting early is so crucial to helping kids become more financially literate as they age. Thanks for sharing this!

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