What do you think children need to learn about the value of money? What do you wish you’d learned?

Question

Children think that money grows on trees.

Answer 1

That you have to work to get money, that when you have money you should save more and spend less. That Credit cards are NOT free money. That you need to pay your bills on time with the money you make. Money is not everything, it can add to your life as far as trips, being able to buy what you want but it can also ruin your life over spending, people asking you for money, you not knowing how to manage the money. Don't take money for granted.

Answer 2

Well since im 14. I've had this talk. Children need to learn that MOney is not most important but you need it. Yes that is what you need to tell them. Although money shouldn't be as important as it is. Everyone makes it important. Everything cost money and yes even Happiness. To get what you need you usually need money. Tell your children that if they want things that are very expensive they better get good grades and go to college and pick a wonderful career. But also tell them not to be to tight with their money or they will never experience all the joys life has. Tell them to find that balance and to always save. If you tell them that they should be a OK

Answer 3

My parents taught us well.
We were all given an allowance at the age of 7 or so, and it went up a dollar every year until were were 16, and then we were cut off.

Our money was kept track off on excel spread sheets, and we could take out or deposit money from our parents, then add or subtract from the spread sheet.

We were also given a clothing allowance by the age of 13, and twice a year we would get a lump sum to spend on our clothing. If we didn't spend it all on clothing it continued to be saved, and if we spent more, then that came out of our normal savings. I believe I got somewhere around $40 a month at 16, when it ended, and my clothing allowances (we got them twice a year, for winter and then summer clothes) were $450.

Answer 4

I know when my son was little what I did was make a chart foe him. On one side it listed the things he liked to do such as skating and renting games so i would put the price next to the activity. On the other side of chart I put chores and the pay for each chore! That way he could see WHAT he had to do to earn the other!!! I would give him play money and at the end of the week exchange it for real money!!! he learned very very quickly that u have to work to earn your money for the things u want in life

Answer 5

I liked the lessons that I learned in high school in which we had to keep a budget. The teacher gave us a dollar amount as our income and a list of our bills. We were free to take in account the extras that we would want and gain a better understanding of what our limits are.
I also appreciated a tip that I got from a senior citizen when I was 18 years old. I was just starting to work and was thinking abotu making the move from my mom's home to getting my own apartment. This gentleman told me to go out and price the cost of a new refridgerator, stove and washing machine. He told me to compare that to the cost of what my bills would be and my income. That made a big difference in understanding how I wanted to approach life...set forth to make a better career for myself to make the money that I need to make it on my own.

Answer 6

My 9 yr old daughter learned that if she saves her money, she can buy a bigger present. But if she would just spend her money the minute she received it, she could only get a small present.

Answer 7

I think they need to learn about saving money and that money isn't everything.

Answer 8

to answer both questions simultaneously:

The Evil of Credit Cards and
The value of saving money.

Answer 9

invest in $10000 in dell 15 years ago and have a million today

Answer 10

try money freebie for little ones start them early cash is a good thing