I walked into our bedroom this morning and the above is what I saw.
My husband was patiently explaining to Silas how much cash to put into each of our cash envelopes and then having Silas count it out. It melted my heart to see father and son working together on our family’s finances.
Truly, I am so blessed to be married to a man who is committed to not only being wise and intentional in how we spend our money, but who is also committed to passing on money management skills to our children.
Oftentimes, people will ask us when they think you should start teaching your children about good money management. My answer? It’s never too early to start. It’s amazing what children pick up from a young age.
Talk to your children about sticking with a budget. Let them see you paying with hard-earned cash. Explain why you’re waiting to purchase something until you have enough money to pay for it.
Give them opportunities to earn and spend money. It’s never too early to teach them to be wise with their money. It’s an amazing gift to give your children that will benefit them for the rest of their lives.
And also? They can pick up some great math skills in the process!