Do you teach your kids about money? If not, then who does? How do you teach your kids to be responsible?
Over the course of the last few months we had begun researching ways to teach our kids how to handle money wisely and also learn more responsibility. I searched Pinterest far and wide trying to find what would work best for our family. I was overwhelmed and still hadn't found anything I love that included money+responsibility. Then I finally found Financial Peace Junior! This kit is simply amazing! It includes a magnetic chore chart board that hangs easy on the fridge in every day sight. You get to customize the chores that your kids do and hang them on the magnetic board as well. In addition to that it includes three envelopes; spend, save, give that begin laying the Dave Ramsey Foundation. You can find the kits here: https://www.daveramsey.com/store/product/financial-peace-junior
You need to order it right now if you don't have it! Have more than one kid? No problem chose the add on child to your order.
After we received our kit we started talking to our kids about doing chores and receiving money. We took it a step further and researched what they wanted to give their money to and what they wanted to spend/save their money on.
Today, my sweet reds had finally saved up enough money to buy the things they wanted! Before we ever left the store I told them that they were responsible for keeping track of their money while we were out. See, we had several errands to run before time to go to the store. If they wanted to spend their money they had to be responsible and keep track of it while we were out. After every stop I would ask them if they still had their money and they always replied yes. However, this hasn't always been the case. They have lost their money before which resulted in a whole lot of tears being shed. Through those tears they learned how to keep track of their money.
After our errands were over we finally arrived at Target. I took the kids up and down every toy isle at least ten times. See, when they are spending their own money they are much more aware of what they are buying and how much it costs. We talked about different prices and why some of the big items had yellow stickers and were a lot cheaper. Big red was able to relate that the yellow tagged items allowed you to spend less money and get more! We talked about what items were on sale and what the difference is between paying full price and paying the sale price.
After 45 minutes they finally picked out their items and we headed to the front to pay. During this process the kids pick a lane and handle the entire transaction themselves. Why is this important? Because, sadly you are not going to be there forever. They need to learn how to handle transactions on their own and how to interact with cashiers. This is by my far my favorite part as long as you pick a sweet understanding cashier. They put their item on the cart then proceed to count out their money and hand it to the cashier. Yes, I help them count their money and before they go to the check out I've ensured they picked an item they have enough money for. The entire process just melts my heart because they are becoming responsible money smart children. When little red walked out of the story he said "I am so glad I worked so hard to get my new stuffed animal!" See, at a young age kids are capable of relating work=money. They are capable of being responsible and handling it with some guidance too. Take the extra step and teach your children how to be responsible and money smart!
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