Teaching Children

When my children were young i used to give them pocket money $1 for each year 5years old $5,i also gave them the money for their weeks activities. I started giving them the money in marked envelopes one for each activity until they understood how to use their money correctly. On the odd occassion if they spent the money for swimming or football they had to miss that activity that week.when i stopped putting the money in labled envelopes it only took a couple weeks for them to work out what to do and how much they could spend.It worked for me and worked for them and before long they were saving their pocket money for things they wanted to buy. I think it is very important to make children understand that things dont come easy and they have to be saved for. Have you ever noticed how easy they spend your money but hum and haa when it is their hard saved money.

I think that is a wonderful idea. My sister taught my 8 year old about tax about a month ago when they were at the store. He never realized that the price on the shelf was not the same price that you paid for something.

You always have to motivate children when teaching them and make sure that they are learning what they need to learn. It is good that your child is learning, it means that she is growing as well.

I admire that mom a lot. I wish I could teach the same thing to my kids. Sometimes kids just buy what they want and not what they need. It's really up to us parents how to teach them the value of money and their discipline on things. Have a great day ahead.

That is cute,and what a good way to teach them about money.I wish I had done that with my daughter,she seems to think when I pull money out of my wallet it just somehow replaces itself.Like there is a never ending supply of money in my wallet,and if I say we don't have the money for something it doesn't matter how much she got or how many bills she knows I payed she thinks it means we are poor,and her life is terrible etc. Jas

I agree that it is good to make children realize the value of money as it makes them responsible and improves their decision making process. But on the other hand I feel that such things should not be put on the little children who are not even school going age. What do you say???

Wow!! This is a great way to teach kids the importance of money, and how you must have some if you want to buy something. Personally, I feel it is very important to teach kids the value of money at an early age, and to help them to realize and understand when they really want something it takes $$, and if they do not have enough, they need to find ways to earn it. This mother is a Great mother in my opinion, and her kids will be really greatful to her as they get older for being taught this lesson.

it ia really very cute. its also a nice way to teach the little children . my mom also taught us something those were just so much cute. i was asked to share any chocolate or somethinmg with all.

That is very cute. I just hope they do not grow up thinking that they can get into their moms purse every time they need money for something LOL. Just kidding. I think it does teach them a sense of responsibility and the value of money also.

That is so cute... and such a smart way to teach kids the value of money... and how to use their money wisely... i think i will also do that when my daughter is old enough to understand the concept of using money... best to start when they are very young... since that is the foundation of everything in life... thanks for sharing this...

I think this is a good way to teach children how to use money well when they are little. Children need to know how to take advantage of money. I agree with it. It gives me an idea for me to teach my son about it:) I love China

Hello lilaclady, I think it is a good way to teach your children the value of money especially during the hardest time like now. I hope I can instill all the good values to my son. My wish right now is to see him becomes a good gentleman.

Thats so nice... Even I have started teaching my girls how to count coins and how important money is in today's life.

wow.. what a good mother. It's nice to see that there are people that doesn't pamper their children with money. This way, the mother can teach her children about the importance of spending their money right and saving money. A very good example of teaching children at a young age. I agree that it's a cute thing when children having their own purse and paying on their own. Thanks for sharing.

I agree that it is a cute thing to do with children. It is also teaching them to be responsible as well as making them feel important that they can handle money and pay for their own things. Think how grown up they feel when mommy doesn't have to pay for the things that they are getting and they can give the cashier the money themselves. It gives them a sense of ownership and not something that mommy gave to them or bought FOR them. A great way to teach them independence and the value of money.

What a fun idea! I had not considered to do that before. Well, I learned something new today about being a good Mom!

I do that with the grandchildren.I never thought of it when my own girls were growing up,when they are at my house they always want to do something to make money so I alwasy find something then we go to the store.It is a good ideal to start them early.You have a great night.

I think that is really cute, good way to teach kids the value of money. I was playing shops at home the other day with my three year old. We both took it in turns to be the shop keeper and customer. She loved it!

When my children where young they had there own money and keeped it in there purse. When they wanted sweets they would take out there money and if they didnt have enough they knew they couldnt have the sweets or have more money. They were given a small amount of money and learnt very quickly the value as the weeks went by they would get more money if they did little jobs, pick up toys, help others, be kind to each other. That is why now they are adults they think of others and are very thrifty with there money? She is a good mum teaching her children the values of life?

Thats a nice way of teaching children about money.