With 2016 right around the corner, it is the perfect time to reflect on what you are instilling in your children related to finances. Keep it simple, manageable, and measurable!
To keep it simple, focus on one core area: earn, spend, save, donate, or invest.
Next keep it manageable by creating a chart, using an app, designating a specific time such as Money Mondays---first Monday of the Month.
Then, be sure to acknowledge your children's efforts by measuring (or reflecting) on accomplishments. Some ways to measure include going over their bank book (hard copy or online) with them to acknowledge where they started and where they are at now, counting the money they have accumulated in their piggy bank this month before heading to the bank, or using a simple budget to help them understand spending habits and trade offs.
Whatever you choose, keeping it simple, manageable, and measurable will make it a positive experience for 2016!
Three Cups by Tony Townsley & illlustrated by April Willy is a perfect book for a stocking stuffer and on-going life lesson!
"Teaching children how to save, spend, and be charitable can be as simple as 1, 2, 3."
"Three Cups is the story of one family’s unique and effective method of teaching personal financial management—and how one boy reaped first the small, then the immeasurably great rewards of the lessons he learned."
"Families will be delighted with the heart-warming tale and want to integrate the three-cup system in their own children’s lives."
Above are portions of a book review taken from Amazon.com.
One a Penny, Two a Penny, Hot Cross Bucks:
Equipping Children with Money Management Skills
& Faith-Based Family Values
This EarlyStart = MoneySmart workshop will be held at St. Olaf's Church in Rubicon, WI. The 3-session workshop will run Sunday, January 17th, 24th, and 31st from 10:15-11:15 am. Sponsorship from Viking Brothers Landscaping Service, Architectural Designs Inc, and St. Olaf's Saintly Syrup Sales allows participants to attend FREE of CHARGE!
Contact: Guenther@EconomicsWisconsin.org to sign up today. Seating is limited!
Read the event flyer
Hi! I'm Jennifer! Program Manager of the Early$tart=Money$mart Program