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Article #108: Teaching Kids the Value of Money

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My husband and I have a 12-year-old away, one by one.
daughter who wanted to go to a winter You have to figure out what works for
retreat with her church youth group last you. You may have to teach each child
year. Price of trip - $45. I told her I'd individually, because each is motivated
talk to her dad about it. "HOW much is differently. If your children cheerfully
it?" he asked, "didn't she just go hand over their allowance every time they
somewhere with the youth group?" "Yes," I don't take out the garbage, you should
replied, "and also to two friends' take some other privilege away.
birthday parties. Another one is coming Resist the urge to give your children too
up this weekend." We both agreed that was much allowance. Don't buy them things
a lot of money for us to spend for our that they can save money for themselves,
daughter to have fun with her friends. like designer clothes, CD's, magazines,
But the retreat was a church activity. So make up, video games, etc. Even young
we should have forked out the money for children can be taught to save for small
her go, right? Well, maybe. In the past things. Almost nothing makes me more sad
year or so our daughter had made a lot of than seeing children who take their
new friends and had been asked to be allowances for granted and never have to
involved in a lot of new social work for it. Parents aren't doing their
activities. Last summer was the first children any favors by teaching them to
year we could afford to let her go to expect everything to be handed to them.
summer camp for a week. It pleased me We sacrifice, and they don't appreciate
more than anything to tell her she could it. Why should they? They don't have
go. anything to lose.
The more we've let our daughter go do So did our daughter get to go on her
things with her friends, the more she retreat? We decided she could go if she
takes those things for granted, and paid $20 of the $45. She was not happy
expects more. She then resents doing about it. She only gets $3 a week
something so menial as her household allowance, and she was saving her money
chores. So now we make sure her chores for a new CD. She stewed about it for
are done before she goes anywhere. awhile, and then forked over what money
"Room's not clean, laundry not started? she had. We worked out a payment schedule
Better hurry and do them before you go do for her to come up with the rest of the
something with your friends. Don't have money before the weekend of the retreat,
time? Then I guess you're out of luck." and we let her do extra chores to earn a
But that was only the start. Whenever the few more dollars. Are we guilty of child
attitude starts in she's given a warning abuse? Our daughter thinks so, but her
and then privileges start being taken dad and I know better.






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