Comments on: Teaching Kids about Money so They Don’t Go Through All Yours http://wealthpilgrim.com/teaching-kids-about-money/ WealthPilgrim.com -No Money Worries. No Matter What. Wed, 23 May 2012 17:15:07 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Barbara Baker http://wealthpilgrim.com/teaching-kids-about-money/#comment-4018 Barbara Baker Fri, 19 Mar 2010 18:41:16 +0000 http://wealthpilgrim.com/?p=13482#comment-4018 Part of the first lesson a parent needs to give their children is the example of the word "NO". Too many times I see parents in my seminars (I teach high school/university student money management) that even though they can't afford the item their children want, they can't seem to figure out how to say no. It just makes the "entitlement" culture the kids have today even worse. Parents need to be comfortably able to say no, we can't afford that it's not in the budget. Part of the first lesson a parent needs to give their children is the example of the word “NO”. Too many times I see parents in my seminars (I teach high school/university student money management) that even though they can’t afford the item their children want, they can’t seem to figure out how to say no. It just makes the “entitlement” culture the kids have today even worse. Parents need to be comfortably able to say no, we can’t afford that it’s not in the budget.

]]> By: Mike - Saving Money Today http://wealthpilgrim.com/teaching-kids-about-money/#comment-3924 Mike - Saving Money Today Thu, 11 Mar 2010 18:35:06 +0000 http://wealthpilgrim.com/?p=13482#comment-3924 "I wanted kids who understood how admitting a mistake wasn’t the end of the world." Wise words indeed. I try to teach my kids that's it's ok to admit you screwed something up. What's important is that you learn something so you can improve in the future. Plus I think it's important for them to understand that parents make mistakes too. I tell my kids all the time, "Daddy's not perfect. I do the best I can, but I'm learning as I go." .-= Mike - Saving Money Today´s last blog ..<a href="http://savingmoneytoday.net/2010/taking-the-yakezie-challenge/" rel="nofollow">Taking the Yakezie Challenge</a> =-. “I wanted kids who understood how admitting a mistake wasn’t the end of the world.”

Wise words indeed. I try to teach my kids that’s it’s ok to admit you screwed something up. What’s important is that you learn something so you can improve in the future.

Plus I think it’s important for them to understand that parents make mistakes too. I tell my kids all the time, “Daddy’s not perfect. I do the best I can, but I’m learning as I go.”
.-= Mike – Saving Money Today´s last blog ..Taking the Yakezie Challenge =-.

]]> By: Austin http://wealthpilgrim.com/teaching-kids-about-money/#comment-3866 Austin Fri, 05 Mar 2010 07:25:43 +0000 http://wealthpilgrim.com/?p=13482#comment-3866 Luckily, I never stumbled too badly with my money, but I'm disappointed my parents didn't sit me down about money around 13-14. A 15 minute conversation about money basics with an 8th grader will do so much for them. It's one of the best things a parent can give their child. Glad to see you're doing this with your kids, Neal. Great post! Austin @ Foreigner's Finances .-= Austin´s last blog ..<a href="http://www.foreignersfinances.com/the-5-books-that-changed-my-money-life/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+foreignersfinancesfeed+%28Foreigner%27s+Finances%29" rel="nofollow">The 5 Books That Changed My Money Life</a> =-. Luckily, I never stumbled too badly with my money, but I’m disappointed my parents didn’t sit me down about money around 13-14.

A 15 minute conversation about money basics with an 8th grader will do so much for them. It’s one of the best things a parent can give their child.

Glad to see you’re doing this with your kids, Neal. Great post!

Austin @ Foreigner’s Finances
.-= Austin´s last blog ..The 5 Books That Changed My Money Life =-.

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