Use the concepts presented in books to start a family discussion about your family's resources, expectations and goals. This lets the child understand your earning, spending, saving and sharing goals. A whole new world of family communication will develop. Use hands-on examples, such letting your children watch you write checks to pay the bills each month. Allow the child to help put the check in the envelopes for mailing.
Most parents agree that financial responsibility is a vital part of every child's education.
Financial literacy is a key component of everything from developing self-esteem to maintaining successful interpersonal relationships. Parents can help their children grow up to be responsible, clear-thinking individuals, who can make wise decisions about the use of money. The use of children's stories about money matters can facilitate that goal. For more information about children and money, contact your local Colorado State University Cooperative Extension office . Go to top of this page.