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A reservation I know a lot of parents have about giving their child an allowance is, “Do we want more stuff coming into the house?”…
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When I was younger, I loved money. I mean, it was an obsession of mine. Don’t believe me?
When I was growing up, my dad uses to keep dollar bills that were no longer in circulation in this round blue cookie tin in his dresser drawer.
When he wasn’t around, I would take the bills, study them, wash them in the sink, with a little bit of soap, then I would iron them flat, so they would look and feel like they were brand new.
Think about that for a minute. How many 8-year-olds do you know who even think about ironing their clothes let alone go through the process to clean money?
My obsession with money only grew from those early days. I remember the first time I earned each bill denomination. I convinced our paper girl to pay me to help her deliver papers, and then I outsourced the work.
My childhood is full of these types of stories
So how does a reasonably bright child fascinated with money, with two successful working parents end up going tens of thousands of dollars in debt while ruining his credit?
While I was fascinated with money, I only learned some of the principles of financial literacy: earning, spending and saving. Credit and debt, investing, and insurance was never part of my education.
Financial literacy is too critical a topic to let another generation flounder as I did. Sadly there is just as little focus on financial literacy as when I was growing up.
My mission is to support a community of parents who want their children to be better positioned to manage money than they were.
My goal is to provide resources to support your child’s finical literacy education. I am a firm believer that it takes a village to raise a child, so I hope that we will be able to learn from each other. Please share your thoughts and opinions and let’s ensure our kids are ready for the world they are about to enter.
If the mission of providing the next generation a strong foundation in finical literacy resonates with you, please share this with other parents and subscribe so that you don’t miss out on any resources.
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