my kids are holding their own monetary literacy conference right now.
Two years ago my parents purchased something called the "Cash Cache" which is a handy-dandy self-contained money guide. It comes with a guidebook talking about giving every cent in a dollar a job: donate, invest, save, spend. It comes with worksheets (some more advanced for older kids), etc.
There are zippered compartments for putting your money in, and a handy dandy combination lock so your money is safe.
I've had to impovise for the youngest ones, who are quite happy to have copies of the checkbook ledger.
The girls are reading the book out loud to the boys, talking about goals and things.
My kids never have access to large amounts of money - $10 a month. I do lend the girls money on some purchases that go over what I want to spend, and they're good about paying it back.
The donation/charity event of the month is they are going to pool their funds at the end of the month and then shop for pet food for the Humane Society. They asked for me to keep my eyes open for coupons.
I might actually be doing something right (and the grandparents giving appropriate gifts, i.e. Cash Cache) in raising financially responsible kids who will value the dollar.
Had to share this ...
July 2nd, 2010 at 07:30 am