I was reading a quick tip article on Forbes today that revolved around good and bad ways to raise a financially savvy kid. Some of the advice such as leading by example with your own spending habits and introducing an allowance is something I highly agree with. However, it made a point that you shouldn\u2019t tell kids that \u201cwe can\u2019t afford it\u201d as it will apparently instill fear. Instead, it suggested that you re-word it to something like \u201cWe choose not to spend our money that way.\u201d<\/p>\n
This got my attention because as a child I would often see scenarios and be told that the family simply couldn\u2019t afford certain things. As a result, it made me aware about the concept of money and in-turn made me want to be savvy about it. I personally wasn\u2019t scared in anyway and if anything it just made me understood better whenever I see my parents buying a lot of things that are on sale.<\/p>\n
Sometime I think we treat children a little too fragile to the point where what they learn isn\u2019t adequate to match the difficulty of handling the responsibilities that will be presented to them. Especially with finance I feel as for a lot people they simply have no real clue or experience in managing money only to then try and manage adulthood.<\/p>\n
I have often said this, but even something as simple as video games often have a lot of content that deals with money in a kid friendly way. As well, kids can see the rewards or consequences to making good and bad decisions with it. Better sooner than never though I think.<\/p>\n","protected":false},"excerpt":{"rendered":"
I was reading a quick tip article on Forbes today that revolved around good and bad ways to raise a financially savvy kid. Some of the advice such as leading by example with your own spending habits and introducing an allowance is something I highly agree with. However, it made a point that you shouldn\u2019t […]<\/p>\n","protected":false},"author":1,"featured_media":7310,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_newsletter_tier_id":0,"footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[5],"tags":[5936,255,35,4638,21],"class_list":["post-7309","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-management","tag-cant-afford","tag-children","tag-finance","tag-financial-literacy","tag-money"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.al6400.com\/blog\/wp-content\/uploads\/2015\/08\/sayingcantaffordit.jpg","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p6VnHC-1TT","_links":{"self":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts\/7309","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/comments?post=7309"}],"version-history":[{"count":1,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts\/7309\/revisions"}],"predecessor-version":[{"id":7311,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts\/7309\/revisions\/7311"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/media\/7310"}],"wp:attachment":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/media?parent=7309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/categories?post=7309"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/tags?post=7309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}