Teaching children the value of money

Most parents agree, teaching children  the value of money is important, but according to a study most parents are more prepared to talk to their kids about sex and drugs.

My husband and I work, so my children understand you have to EARN money.
In this vlog I show you how I’m teaching my kids the value of money and the benefits of hard work.
I would also like to hear from you on how you teach your kids the value of money,

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  1. Jennifer says:

    I agree, it is SO important for our children to understand that we’re not just giant wallets walking next to them while shopping (and as the mom of two middle-school aged daughters, believe me, I see how easily this can happen)! Chores around the house help set the expectation that our kids are part of a functioning family unit, but I separate that from allowance because they are expected to wash the dishes, walk the dog, etc regardless of getting paid to do so – it’s part of living here. When they want something that I think is too ridiculous to pay for myself, they need to earn the money for it. For example, my older daughter wanted Ugg boots, which in Los Angeles are not exactly needed to keep feet warm. She had to earn every penny including tax for her Ugg boots, and when she bought them, I could tell it was much more meaningful than if I’d just pulled out my credit card for her.

  2. Megan says:

    I think the conversations are just starting with my 3-year-old- he is always charging me $50 for his pretend ice cream.

  3. Yes! I totally think that teaching kids about money is uber important. My kid holds bake sales to buy his Skylanders: Giants characters. At $.50 each, it takes him an afternoon to raise $15 – but it’s worth it for him to understand where his hard work pays off.

  4. Yolanda says:

    You give some great tips! My daughter has had little lemonade stand sales to get little treats over the summer. I will be adding more in over time cause right now she things as long as I have my card, I have money.

  5. These are great tips Tania, and I love what Jen said about her daughter’s ugg boots too! My little one is three, and so far we’ve been trying to instill “put half in the piggy bank” whenever she has money in hand. Honestly, I’m totally lost because my parents never talked to me about money AT ALL.


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