Sent: 27-04-2010 09:31:05
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Really Caring - healthy confrontation about money issues with kids
What does it mean to really care? It means that you care enough to confront with love. My friend, Shelley Evans-Wild from NeuroPower Learning and Development has a great word for it - 'carefrontation™.
It's something we do time and time again with our kids as we guide them to becoming great adults.
Encourage healthy confrontation about money issues. This is done by confronting the issues with love, stating them 'warts and all'. You won't always be happy about the way your kids are handling their money - don't avoid the issues, but confront with love.
Your kids won't always be happy with the way you are managing the household's money. Create a home environment where you are willing to admit that you don't know it all, and it is safe for the kids to raise their issues and what they feel is right for them without fear of judgement or punishment.
Involve your younger children in these discussions - you will be surprised how much they understand and contribute if encouraged.
'7 Secrets to Teach Your Kids the Value of Money' ebook by Greg Smith is a great guide to discussing money with kids and coaching good habits.
For great resources to help you teach your kids about money, including the e-book mentioned in this article, see www.qld.kidsmoney.com.au. Leanda Kayess can be contacted on email@example.com, or phone 0409 057 952.
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 firstname.lastname@example.org.
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