I have a kid old enough to start learning about money! Of all the parenting milestones we’ve marked over the years, I think I’m the most excited about this one.
You all have been asking me for advice on teaching kids about money for eight years and I’ve demurred because I didn’t know how I was going to teach my own kids about money. Until today!
Our oldest child, six-year-old Kidwoods, started asking about money this fall and her curiosity reached an inflection point earlier this week thanks to a school book sale flier advertising a $7 unicorn book. So here’s my non-expert, imperfect tale of how we’re teaching money management to our children. Well, really just to Kidwoods since Littlewoods (age almost four) remains unimpressed and uninterested.
Wait Until They Indicate Readiness
This is the approach we’ve followed with pretty much every aspect of our parenting.
Continue reading How We’re Establishing a Family Money Philosophy with Our Kids at Frugalwoods.