Teach Your Child About Money

What are we teaching our children about money? Hopefully something!

I remember when I was growing up, our family did not discuss money. Money was a taboo subject, discussed by the parents and handled by the father.

This is one thing that I wish that was discussed more openly when I was younger. Just a little guidance such as "save 10% of your income" and I would have been fine!

How I wish I could turn back the clocks of time. How I wish I was encouraged to save even 1% of my income. When I look back at the year I started working until this year 2003, I'm not saying I would be a millionaire but I certainly would have been much better off!

Now a grown woman I have acknowledged and accepted the past and moved on to a great future. My bank account is increasing each year, I am currently purchasing rental properties and I am feeling incredible being and doing what I love-a Prosperity Coach!

Now I don't necessarily encourage parents to show the kids your mortgage statements but I think it is vital that children know that (while the subject of money may be a tad embarrassing for some parents) it IS a necessary part of life. As you start teaching your child, start slow and encourage them to believe in themselves and their future.

Here are some tips to help your child attain prosperity even at a young age:

1. Buy a piggy bank for your younger children. Allow them to choose whatever color shape or size they desire. Invite them to put their pennies into their piggy bank. Once in a while they may count their pennies and reward themselves if they desire.

2. When your children have proved themselves to handling their pennies, take them to open their own bank accounts. Encourage them to save at least 10% of what they receive as gifts (I know I used to receive money as gifts when I was young!  )

3. Your child should be encouraged to donate or contribute another 10% of their savings. Donate to the church, to the homeless, to the depressed, or to a charity of their choice. This would help the youth become more rounded, become more respectful of others regardless of the situation and become more appreciative of their own lives and their own prosperity.

4. Many young children think that "money grows on trees". I applaud this abundance in them (although they may not know that the Universe is in fact limitless) and think we should encourage and nurture this? to some extent!

5. Talk to the kids and let them know that this paper and metal stuff called money is brought about by YOU working. Whether or not you work or you have inherited a large fortune, don't encourage laziness in your child. They need to be able to work for free sometimes to learn the value of hard work.

6. Money101 is not taught in schools. Where your child's future is heading depends on what you want your child to know. Prepare your child for their future.

7. When your child is old enough encourage your child to purchase a journal or a diary where they can record their dreams and desires. This allows them to dream big and look forward to their lives ahead-filled with prosperity.

8. If they can manage and understand the budgeting process I'm all for it. When grandma gives them money for their birthday, after they have put aside 10% each for savings and for donation to a charity, allow them to budget for the remainder.

9. I'm sure there are loads of chores around the house, washing the dishes, cleaning the rooms, etc. Give your children an allowance but let them work for it.

10. Let the kids participate in the family's money decisions. They may not understand everything but their minds will open up to the energy that money has and will prepare them for their lives ahead.

The kids are our future. I know it may sound a little clich? but the fact is?they are. If you truly interested in your child's future prepare them and trust that the process will work and they will be A-okay! I guarantee it!

About The Author

Sandra Baptist works with persons who desire to attract, enhance and increase a more prosperous life. She empowers brilliant highly motivated men and women to transform their negative beliefs about money so as to attract more wealth, more success and more prosperity into their lives. For free consultations contact her at tel: 1-800-666-4754 or at http://www.elitecoachinggroup.com

http://www.elitecoachinggroup.com

Oswego taxi to Midway ..
In The News:

Electric Sheep Robotics has introduced an all-electric autonomous robot named Verdie to perform edging, trimming and debris-blowing. Kurt “CyberGuy" Knutsson has the details.
Hackers and scammers keep looking for ways to break into your Facebook account. Kurt “CyberGuy" Knutsson has some tips to make sure your account is secure.
Kurt “CyberGuy" Knutsson shows you how to create group texts to reach multiple people at once — and also how to leave them if you get annoyed at the volume of interruptions.
Tax fraud is on the rise, and hackers are now using identity hijacking and artificial intelligence for tax returns in someone else's name to get a refund.
Toyota's Punyo soft robot mimics human behavior, using its chest, hips and arms — in addition to its hands — like a human to handle objects,
Hackers used third-party information to break into Roku accounts, according to the streaming company. Roku says it has secured affected accounts.
Stay up to date on the latest AI technology advancements and learn about the challenges and opportunities AI presents now and for the future.
Kurt "CyberGuy" Knutsson explains the simple steps for setting a Wi-Fi hot spot on an Android. If you have internet on your phone, it's easy.
Dubai recently hosted the first jet suit race with a backdrop of skyscrapers, and one observer says it was straight out of a comic book.
Kim Komando introduces ways to keep you and your devices safe while traveling. The clever hacks mentioned can protect you from hackers and jackers.
TikTok CEO Shou Chew published a video Wednesday urging users to "protect your constitutional rights" against a bipartisan bill that would force China to divest from the app.
Tech guru Kurt "CyberGuy" Knutsson says you can never be too careful with tech passwords. He explains how to keep your information safe.
The Lighthouse in New Zealand rotates 360 degrees, constantly giving those inside different views around the clock. Built in the 1990s, it's up for sale.
High school students in Colorado are learning how to design their own AI model projects, including cameras for self-driving cars and apps that can teach other languages.
Stay up to date on the latest AI technology advancements and learn about the challenges and opportunities AI presents now and for the future.
Vehicles collect sensitive personal information, which is used to set auto insurance rates. That's partly why auto insurance premiums are rising.
Honda's Uni-One is a hands-free electric mobility device that can reach speeds of 3.7 mph and support a user weighing up to 242 pounds.
Kim Komando puts three AI chatbots head-to-head to decide which is the best assistant for modern problems. Compare Google Gemini, ChatGPT, and Perplexity.
To safeguard personal information on iPhones, users can employ built-in security measures and iCloud Keychain for enhanced privacy. Kurt “CyberGuy" Knutsson shows you how.
Kurt “CyberGuy" Knutsson introduces you to the City Transformer’s CT-2 electric car, which can seamlessly transition from 8 feet wide on the road to a compact 3 feet for parking.
Hackers are always looking for new ways to trick targets into downloading malware. Now, they're after cryptocurrency folks via Calendly. Kurt “CyberGuy" Knutsson has the details.
Kurt “CyberGuy" Knutsson reveals how the Microlino Lite, a compact and eco-friendly vehicle, tackles city traffic congestion with its chic design and small dimensions.
A new funeral scam targets surviving family members of those who recently died. Scammers reach out to the survivors and pose as funeral home officials.
Merlin Labs' autonomous pilot could soon hit the commercial airways and may help alleviate a looming pilot shortage, according to CEO Matt George.
There's a simple way to check your subscriptions on an Android and cancel them. Tech guru Kurt "CyberGuy" Knutsson explains how it is done.

The B Word

Former students would probably attest to the fact that few... Read More

How Can I Teach My Child Respect?

A common theme over the past 20 years has been... Read More

Whine Oh Whine Am I The Only One?

I thought I was the only one in the world... Read More

What Values Are We Giving Our Children?

On a bright Sunday morning, a couple of weeks ago,... Read More

Develop Your Childs Genius: Improving Concentration and Focus

Some people can concentrate on an assignment, to the exclusion... Read More

Fuzzy Names, Sweet Names

As with everything, names go through cycles of change with... Read More

You Make Me Sick And Other Things Parents Say in Anger

Maryann is so focused she's blind. She's slipped over the... Read More

First Year With Twins - A Father?s Point Of View

People always ask my wife and I: "How did you... Read More

Anorexia Nervosa Alert - is Your Daughter Dying To Be Thin?

Anorexia nervosa is a serious medical disorder that is statistically... Read More

Over-Indulgence And Over-Attentiveness - Two Dangers Parents Must Avoid!

We're all familiar with the over-indulgent parent. But there's another... Read More

Our Recommended Eating Program for ADHD

Below is a copy of our eating program for Attention... Read More

Homes for Troubled Teens: Therapeutic and Residential

For troubled teens who are struggling with drug abuse, depression... Read More

A Mothers Way

Dear MomOn this day set aside to honour "Mother's" let... Read More

Humans and Their Innate Need for Drug Stimulation

We know that ancient cultures and Indians and the like... Read More

Home And School Education - Your Kids Can Benefit From Both!

Once, as a Learning Support Teacher, I made my way... Read More

Kids Party Etiquette for Parents

Ever feel like you're out of the loop when it... Read More

Kids: Channeling Mania Towards Productivity

More and more kids these days are diagnosed ADD, ADHD,... Read More

Keep the Little Ones Safe, Follow Pool Safety Guidelines

Pool safety should be on the minds of every parent... Read More

Exams Cause Stress For Parents Too

When it comes to exams, or indeed any academic work,... Read More

Parents Dealing with Worry and Fear

Dear Vijay,I worry about not being a good parent. My... Read More

Help My Preteen/Teenager is Driving Me Nuts!

Do you feel like someone has abducted your sweet, innocent... Read More

Surprising Fun Solution to Kids Moods and Attitudes

As a parent, are you at your wits end? Does... Read More

Choosing the Perfect Jogging Stroller

When choosing the perfect jogging stroller, a very important question... Read More

Meet The Twixters!

There is a new stage of development for parents to... Read More

Let Your Children Name the New Baby

Choosing a baby name is an important job, so make... Read More

shuttle from Midway Morris ..