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Teaching children how to manage their money.
For those of us who have children, I am included in this lot, I have been thinking what is the best way to teach them about money. I was talking to my 6 years old daughter the other day and she asked why we are poor. I nearly fell off my chair because we are not poor at all. She started mentioning how this friend at school went overseas for holidays or how the other friend has a big house and the list went on.
I tried to explain to her that we are not poor but I tried to talk about the things that are really important rather than money and other material things. Quite honestly I think that I failed because in the head of a 6 years old being rich probably means having lots of things.
The challenge for me remains, how to teach our children about how to manage finances. I will do a bit of research on the topic and hopefully I can learn from it.
Call for submissions: If you have published any good articles on how to teach children about finances, please submit them to my next edition of Your Financial Independence carnival. The next edition will be published on Wednesday, 11 August 2010.
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That concludes this edition. Submit your blog article to the next edition of financial independence using our
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