Lately when I am shopping my kids are always asking me how much does that cost? It is a great time to talk about how much money is needed. They learn a lesson in how much each bill and coin is worth, but also how many of each would be needed to purchase what we are looking at. Shopping with kids can turn into learning lessons. Mine always want to look at receipt to see how much we saved of our total. I want to instill in my children to coupon and find deals and be cautious about how they spend their money. Money is something they will deal with all of their lives and everyone needs money to survive. It can be hard to know the right way toteach your kids about money and the responsibilities that come along with having money.
I want my children to all know they have to work for the things they want and if you don’t have the money sometimes you have to save up for awhile to buy what you want. I often won’t buy the things they say that they have to have while we are shopping. I want to teach them they should save their money until they have enough. I want them to know it isn’t always handed to them. I want them to know the importance of setting a budget for shopping and not spend more than you have allowed for, otherwise there won’t be enough for other things you might need. I hope I am teaching valuable life lessons about money when my kids and I hit the stores. We make a list and stick to it. The kids like to help find the items and my 8 year old loves to carry the pen and check of the items. It helps them feel a part of our shopping experience.
Money is a topic all kids will deal with all of their life. I want them to know how to not spend more than they have, to save and to give to charities and good causes.
Inspired by Genworth Financial.
Teaching your kids about money