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Convenience Services   Personal Banking   Business Banking Wealth Management Thursday, May 17, 2012
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7 steps to teach your kids the mysteries of money (cont.)

 

Step 7: Get involved in school curriculum choices that teach the value of work and money.
Programs like Junior Achievement and REACH reaches children throughout the country, in courses designed for kindergarten through high school, to educate them about community, the workplace environment, entrepreneurship and investing. But your local Junior Achievement organization needs community volunteers to teach those prepared courses. Giving just an hour or two a week of your time spreads the message of the value of work to an entire generation.


Always recognize that there's a difference between teaching material values -- and creating a materialist. Money has an important place in life, and it's different for every adult. For some, it's only a path to consumption; for others, it allows for charity and generosity. A healthy balance is the goal of a sound education about money.

Finally, a reminder: Children's attitudes about money are based on the things they learn and the genes they inherit. Many parents have noticed that two siblings raised in the same household have vastly different approaches to dealing with money. One child may hoard his or her allowance, while the other is a spendthrift. So while you can't completely mold a child's perspective, you can educate a young person to respect money and the hard work it represents.
 

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