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Integrate Fun and Learning with Games
Children are always up for a good game. Well, who isn't? Pretend that you are back in school. For the rest of the class period you have two choices as to how you can spend your time. Option #1 is to struggle through endless arithmetic and English...
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Are Public Schools A Menace To Your Kids? -- 11 Danger Signals
Parents, do you have children who do poorly in school, or are bored or frustrated with their classes or teachers? In contrast to what most public-school officials will tell you, in most cases the problem lies with the schools, not with...
Women's Wages - Is It Justified?
The beginning God made man and woman, and handed over the reins of this world in their hands. The passing time through centuries, have witnessed the God’s ordinance being twisted by man, to suit his own ends. The inception observed the man...
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Dealing with the Blues: Your Mental State and Menopause
Going through menopause and suddenly feel like life's stresses have just become a thousand times more difficult to deal with? Find yourself crying at Oprah more than you used to, or worse, crying at reruns of the Flintstones? Finding that your cute...
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Who's Teaching Your Child About Money?
Managing money is one of the most critical skills we must master to function effectively as adults. Yet, although public schools address the subject of money using math examples, teachers just don’t have the time for individual tutoring.
So, just who is really responsible for this critical education?
PARENTS can teach their children “money” lessons as soon as they can count. Otherwise, your toddler may reach his own conclusions about where money comes from. He may decide it does not grow on trees; instead, it comes from an ATM (Automated Teller Machine).
As your kid’s primary financial coach, you’ll show your toddler, young child, teenager, or college-age “adult” child the value of managing his own money. You may find that you are such a talented teacher that your child opens her own profitable business and supports you!
What Are Ways to Teach Your Child?
Toddler
Your toddler can learn to count money as soon as he can talk. Show your child a few coins and introduce simple math facts. He’ll learn the vocabulary and the facts if you make it a game. But a word of caution: discourage eating the coins!
Middle Childhood
Suppose you’re in a restaurant having
breakfast, just you and your child. Give him a reward if he can estimate the total bill to the nearest dollar. Hints are allowed!
TeenAger
Provide your teenager with a challenge to figure out how much it costs to run the car every month. Both of you may be surprised!
Young Adult – Before your kid marches off to college, show him your credit card statement. Have him calculate the total amount if it were NOT paid for a few months.
How Do You Know If You’re Successful?
You’ll see the signs that the financial genius is developing in your child. There will be glimpses of recognition that your child understands how money works.
The real payoff comes when as young adults, they handle financial issues confidently based on prior knowledge and experience. You have successfully raised a financial genius.
Copyright 2005 by Valerie Mills
About the Author
Valerie Mills freelances as a sales copywriter/designer (http://v.mills.home.att.net).
She recently published the ebook titled “Practical Ways to Develop Your Child’s Financial Intelligence” available at http://www.booklocker.com/books/1822.html
Contact Valerie by email at parents@teachyourkidsaboutmoney.com
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