Comments on: Educating Young Children about Money

By: Trent Hamm

Trent Hamm — Fri, 11 Apr 2008 09:24:32 +0000

“I proceeded to praise his ability to find such a bargain.”

I don’t think I would have done that. I think I would have gotten down on eye level with the child and said, “You know, you can get these 5 for $5 down at Target” or something to that effect. That way, the child begins to realize that prices aren’t the same everywhere and then can make up his mind – 4 cars now or 5 cars later?

I think young children benefit simply from having a bit more information added to their thought process.

By: Lyneka

Lyneka — Tue, 08 Apr 2008 14:48:51 +0000

It’s always a good time to talk to your kids about money and saving. I enjoyed your item, and mentioned it today in our blog roundup. I hope you enjoy.

By: hank

hank — Mon, 07 Apr 2008 22:15:06 +0000

Absolutely agree that kids really need a better handle on the management of money. I wrote a post last year to something very similar. Teaching this in school. I think we're past the point of needing HomeEc and Shop class as the only electives in High School. How about an elective for money management?

By: monevator

monevator — Sat, 05 Apr 2008 09:22:38 +0000

My parents were great with money, in that they didn’t give me much! I had to do chores and delivery papers to fund my hobbies and so on, which was a great lesson for future life. I do sometimes wonder though if they’ve made me too cautious about money. Perhaps kids need to be able to dream a bit… that’s what being a kid is about, I guess.

Some of your tips are more practical then philosophical though, which is cool. I never did grocery shopping on a grand scale until I left home, for instance.