Understanding money and children

Friday, March 22nd, 2013 By

It's crucial that you understand the importance of money and children.

Understanding the important bond between money and children now will reap great results in the end. (Photo: Thinkstock)

“Money is what makes the world go ’round,” some say. To a great extent, this is a very true adage, one that has been known for many years. Money and children are the prime focus when looking for a ray of sunshine in the future. They are the adults of tomorrow, the ones who will be making the final decisions when our days are over. But how well will they manage? Can you affect the bond between money and children, and could it provide a better outlook for their financial futures?

Money and children – the earlier the better

Many adults these days are struggling through financial problems, big and small. The recent recession has proved that even the most responsible individuals can fall flat on their faces with a single blow. What about adults who were never taught the true value of money? Where are they now financially? Are they repeatedly stuck from one pay day to another? One thing’s for sure, without the proper understanding of money, financial disaster will be the only outcome. That’s why it’s absolutely crucial that you start teaching your children about money when they are still young.

Not only will they begin to develop strong saving habits, but they will also learn to make smart purchases and understand the true meaning of “investment.” As they advance into their adult lives, this “understanding” will slowly develop into a powerful instrument that will secure financial stability and help them achieve success in multiple of ways. Isn’t this something you want for your children’s future? If so, start teaching them about money now.

The man in the mirror

“Monkey see, monkey do” – that’s how children are, it’s true. Do not underestimate the brilliance of a child. Don’t forget that children will take into account how you manage money. They learn a lot just by watching you and your personal financial dealings: spending, withdrawing, cashing, saving, etc. So be a role model for your children and set a fine example. Pave the right path for them to follow and remember, always allow room for mistakes. Surely you’ve made a few of them yourself.

Creating a strong financial future

It doesn’t matter where you come from, rich or poor, the focal idea regarding money and children is still the same. How well you train your children about money is what will determine their financial futures. The time and effort you invest today in teaching your children about money will reap great results in the long run.

Previous Article

« Honda Skydeck Concept | Futuristic or Blast from the Past?

The Honda Skydeck concept minivan is a hybrid with DeLorean doors... Not that kind of Skydeck (image by flickr)
Next Article

Issues with Credit Cards and Credit Card Reform »

The recent recession made the public and government aware of the dangers of an unregulated Credit Market, thus the new credit card reform was born. READ MORE >>

This post has one comment

  1. Kids And Money In Real Life says:

    I think with kids the words you say are always drowned out by the thunder of the actions you take. This true with everything including kids and money. Your article is dead on and you should be developing good financial habits in children while they are young.

Trackbacks / Pingbacks

Leave a Reply

Other recent posts by Franrose

Saving money on food: An easy way to slim your bill and waistline

Saving money on food is one of the easiest ways to build your savings. Learn a few tips on how you can save money and avoid huge sacrifices.
An African-American couple smiling and cooking in the kitchen.

The best financial tool can be found in saving money

Save money now and watch as it grows. From a dream house to a vacation trip to Cancun, you can make anything happen by simply saving money..
Woman smiling at a computer with a child in the background.

A wide network of online payday advance lenders

Get a fast payday advance through Personal Money Store's wide network of online payday advance lenders. It's fast, simple and convenient!
Hard workers can find quick help with online payday advance lenders.