Sent: 30-03-2010 10:52:15
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Kids and Money: Be True to Yourself
Be true to yourself and the causes you commit to. How does this apply to kids and money?
Consider where your loyalty lies. This is a great guide when faced with the inevitable distractions in our society - can you hold true to your organisation for example when tempted by that too good to be true job offer? Many an expensive mistake is made through lack of loyalty - disastrous career moves, family breakdown, loss of great friendships.
Let your kids know you will back them no matter what, and back up your words with your actions.
Kids age 3-6 are starting to develop their internal value systems, including how they determine their loyalties. Loyalty is not only assigned to people, but also causes, beliefs, vision. It's usually a lifelong assignation, so this age is a great time to model sound values and ethics around money for your children. In Kids Money eBook '7 Secrets to Teach Your Kids the Value of Money' you'll find a whole section devoted to being a good money role model as a parent.
Kids age 7-12 need careful guidance as they test their own internal belief system. A parent's role at this time can be to coach them through the inevitable tests of their loyalty to themselves (or self-resolve) as they are tempted to break their budget through advertising and peer pressure. See '7 Secrets to Teach Your Kids the Value of Money' for how to coach your kids when they make money mistakes, to ensure they retain their self-esteem.
For more fantastic, fun resources to help you teach your kids about money, go to www.qld.kidsmoney.com.au.
What's your practice doing to help improve the financial IQ of your clients' kids? Discover how you can enhance your corporate social responsibility with the KidsMoneyRedBucketPrimary School Program. Contact Leanda Kayess at email@example.com or phone her on 0409 057 952.
This email is general in nature only and does not constitute or convey specific or professional advice. Legislation changes may occur quickly. Formal advice should be sought before acting in any of the areas discussed. Be aware that the information in these articles may become innaccurate with time. Responsibility is disclaimed for any inaccuracies, errors or omissions. Particular investments are neither invited nor recommended and hence this publication is not "financial product advice" as defined in Section 766B of the above legislation. All expressions of opinion by contributors are published on the basis that they are not to be regarded as expressing the official opinion of any other person or entity unless expressly stated. No responsibility for the accuracy of the opinions or information contained in the contributor's articles is accepted by any other person or entity. Copyright: This publication is copyright. If you wish to reproduce this article you require a license, which can be purchased here, to do so.