Some children learn to identify coins and their values long before they enter grade school. They realize what cash can and cannot do for them. But school-aged children are often confused about the act of writing checks and charging purchases to a debit or credit card. Today's children learn about money in a very complex world. Children learn most of their attitudes about money from their parents, so a family's guidance and support is the key to helping children understand.
Pre teens learn that their money supply is limited.
They may need help realizing that money is also limited for everyone else, including their parents. Parents must also help children understand that they need money before they can write a check, use a debit card or repay a purchase made with a credit card. You may choose to involve your child in family finances to help them understand the concepts of cash, checks and credit cards. If so, the following ideas may prove helpful to you. Your child might help you balance your monthly checking account by putting the checks in order or calling off the amounts while you mark off cancelled checks.