This newsletter is also aimed at you, the parent. By receiving information related to the information your child is receiving, you can feel more prepared to help your child develop money skills. In this issue we will look at goals in relation to family finances. One side of the newsletter contains information for you, the other information for your child. Take a few minutes to read the parent side, and then look at the other side with your child.
Money is a touchy subject in many homes.
When children do not understand money and other family matters, they fill in the blanks with worry and imagination regarding what will happen to the family. Letting children become part of the money planning and spending process in your home may benefit the whole family. Children tend to be creative and wiser about things than we give them credit for. They may think of ways to help improve finances if given the opportunity to be part of the family financial goal-setting process. You may choose to let them help with a small portion of family spending, and help you set goals and plan to make the goals succeed.