Comments on: What to DO in These Financial Times of Crisis? http://teachingchildrenaboutmoney.com/blog/120/what-to-do-in-these-financial-times-of-crisis/ Increasing The Financial Intelligence of the Next Generation, Together Thu, 27 May 2010 03:18:09 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Amanda http://teachingchildrenaboutmoney.com/blog/120/what-to-do-in-these-financial-times-of-crisis/comment-page-1/#comment-72 Amanda Wed, 21 Jan 2009 05:20:38 +0000 http://teachingchildrenaboutmoney.com/blog/120/what-to-do-in-these-financial-times-of-crisis/#comment-72 Thank-you Kristan for your wonderful post! I really appreciate you taking the time to share your ideas with us. Cheers...Amanda van der Gulik...Excited Life Enthusiast! http://www.TeachingChildrenAboutMoney.com Thank-you Kristan for your wonderful post!
I really appreciate you taking the time to share your ideas with us.

Cheers…Amanda van der Gulik…Excited Life Enthusiast!
http://www.TeachingChildrenAboutMoney.com

]]> By: Kristan Leatherman http://teachingchildrenaboutmoney.com/blog/120/what-to-do-in-these-financial-times-of-crisis/comment-page-1/#comment-71 Kristan Leatherman Tue, 20 Jan 2009 15:19:23 +0000 http://teachingchildrenaboutmoney.com/blog/120/what-to-do-in-these-financial-times-of-crisis/#comment-71 Teaching kids about money is such an important topic anytime… not just in times in financial crisis. The foundation that parents lay down by their example today is the kind of preparation that will help their children weather any financial crisis in the future. Kids learn more from our actions than our words; so wise parents involve them in some of the financial decisions that affect them directly. Getting kids involved is the best way for kids to learn the values inherent in wise money management skills, such the difference between their needs and wants and how to delay gratification. This is also how kids can become exposed to the skills associated with money management such as saving money for a specific goal, budgeting their earnings and spending based on priorities. You can help kids learn from and create their own “kid-sized economy” using allowance. A true allowance “allows” kids to practice the skills and develop these values and therefore “ I recommend” not paying kids to do their chores. No one is going to pay your child to clean his room in college, so he learns the wrong lesson when he is paid to clean it at home. Instead, that is a contribution. Your child can have jobs that you pay him for (not called allowance—allowance is practice money you give each week, but contributions are done because it is what your child does in return for being part of the whole. Kristan Leatherman, M.S. Love and Logic co author with Jim Fay of Millionaire Babies or Bankrupt Brats? Love and Logic Solutions for Teaching Kids about Money http://www.raisingmillionairebabies.com Teaching kids about money is such an important topic anytime… not just in times in financial crisis. The foundation that parents lay down by their example today is the kind of preparation that will help their children weather any financial crisis in the future.

Kids learn more from our actions than our words; so wise parents involve them in some of the financial decisions that affect them directly. Getting kids involved is the best way for kids to learn the values inherent in wise money management skills, such the difference between their needs and wants and how to delay gratification. This is also how kids can become exposed to the skills associated with money management such as saving money for a specific goal, budgeting their earnings and spending based on priorities.

You can help kids learn from and create their own “kid-sized economy” using allowance. A true allowance “allows” kids to practice the skills and develop these values and therefore “ I recommend” not paying kids to do their chores. No one is going to pay your child to clean his room in college, so he learns the wrong lesson when he is paid to clean it at home. Instead, that is a contribution. Your child can have jobs that you pay him for (not called allowance—allowance is practice money you give each week, but contributions are done because it is what your child does in return for being part of the whole.

Kristan Leatherman, M.S.
Love and Logic co author with Jim Fay of
Millionaire Babies or Bankrupt Brats?
Love and Logic Solutions for Teaching Kids about Money
http://www.raisingmillionairebabies.com

]]> By: Clever Dough Kids - Teaching Children About Money http://teachingchildrenaboutmoney.com/blog/120/what-to-do-in-these-financial-times-of-crisis/comment-page-1/#comment-30 Clever Dough Kids - Teaching Children About Money Fri, 21 Nov 2008 17:24:00 +0000 http://teachingchildrenaboutmoney.com/blog/120/what-to-do-in-these-financial-times-of-crisis/#comment-30 Thank-you for your supportive comments Emily.<br/><br/><b>Cheers....Amanda van der Gulik...Excited Life & <a HREF="http://www.dreamrichly.net/profile/AmandavanderGulik" REL="nofollow">"Kids and Money"</a> Enthusiast!</b><br/><b><a HREF="http://www.teachingchildrenaboutmoney.com" REL="nofollow">www.TeachingChildrenAboutMoney.com</a></b><br/><b><a HREF="http://www.CreateYourOwnMindMovie.com" REL="nofollow">www.CreateYourOwnMindMovie.com</a></b> Thank-you for your supportive comments Emily.

Cheers….Amanda van der Gulik…Excited Life & “Kids and Money” Enthusiast!
http://www.TeachingChildrenAboutMoney.com
http://www.CreateYourOwnMindMovie.com

]]> By: Emily http://teachingchildrenaboutmoney.com/blog/120/what-to-do-in-these-financial-times-of-crisis/comment-page-1/#comment-27 Emily Tue, 28 Oct 2008 14:10:00 +0000 http://teachingchildrenaboutmoney.com/blog/120/what-to-do-in-these-financial-times-of-crisis/#comment-27 Yes we have to teach our children about the difficulty of getting money and those who are suffering without money. They must be aware the value of money and should learn from us how to spend it and also should learn tht we should help poor.<br/><br/><a HREF="http://investmentandmoney.blogspot.com/" REL="nofollow">Investments</a> Yes we have to teach our children about the difficulty of getting money and those who are suffering without money. They must be aware the value of money and should learn from us how to spend it and also should learn tht we should help poor.

Investments

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