If there is one thing that this never-ending recession should teach us, it is that it is never too young to start teaching your children about good money management habits. While toddlers may not even know the difference between a nickel and a quarter yet, they certainly can start to learn the importance of delayed gratification, helping others, and the value of money.
Books for Children Ages: 3 to 7 years old
Recommended for Family Reading: Though this book is geared toward younger children, it is a priceless lesson that even older children will appreciate. It can easily be adapted to read with your whole family, and parents can use discussion to help each age group learn from and build on the book.
Related Discussion Topics: Money management, being a good steward, thinking of others, living a balanced life, planning for the future.
- Create your own three cups right now. Decorate empty oatmeal containers, glass jars, or even envelopes to personalize it for each family member.
- Take your child with you to the bank and take time to go inside rather than go through the drive-through. Explain all the parts of what you are doing, introduce your child to the teller, and let them help carry your money or deposit slip.
- Start learning the values of money. Start with handfuls of change and help your child sort them into pennies, nickels, dimes, and quarters. (Note: coins can be a choking hazard for young children, so make sure they are old enough for this activity and watch them closely to be sure they do not put them in their mouth.)