Money is considered a taboo in many societies, especially when it comes to teaching children how to handle currency. But the reality is that money is an important factor in anyone’s life, which is why parents must help their kids understand its value and how to manage it.
Here are three reasons why talking about money with children is a good thing:
1. It Will Make Children Become Comfortable With Money
Talking about money is a good way to open up the lines of communication and encourage children to freely discuss financial matters. It teaches kids to understand the importance of currency and how sometimes difficult decisions must be made. Some studies show that many adults feel uncomfortable talking about financial matters because their parents wouldn’t discuss such topics in their presence.
2. It Makes Kids Feel in Control
Teaching the basics of money management doesn’t only help children understand the role of money in the world, but also gives them confidence that they can make the right decisions when necessary. It helps kids, especially older ones, feel in control of their financial stability. It prepares them for their time in college and as young adults who must deal with the challenges of adulthood.
3. It Manages Their Material Expectations
Discussing money with kids helps them understand how an individual’s purchasing power is determined. This allows them to understand why some items and experiences are within their reach and why others are inaccessible to them. It aids them to tune their expectations with their financial reality.
While it is good to teach children about the importance of money and its management, parents shouldn’t burden their kids with information about the struggles of paying bills and being able to afford food. These are lessons for times when their childhood is behind them and adulthood is their future.
Four Fun Things to Do With Kids at Home When It’s Raining Outside
When it’s warm and sunny outside, the best thing to do is take out your family and enjoy the great outdoors. However, it’s not all sunshine and rainbows, and you need to have a backup plan for the rainy days. Fortunately for you and your kids, there are many fun activities you can do at home when it starts raining outside. Here are a few ideas!
Read Out Loud
It’s easy to put on a cartoon and let your toddlers have fun on their own. However, a much more entertaining and educational thing you can try is to read out loud to them. No matter how old they get, many kids love the coziness of having something read to them. Maybe that applies to yours, too! Give it a try and see how they respond. In time, you may even teach them how to read, and the roles will be reversed. They’ll be reading to you!
Kids Love Board Games!
The best thing about board games is that everyone loves them. At least, everyone can have fun playing them. Plus, it’s a niche way to give your (and your children’s) eyes a break from staring at a screen every day. Whether you go for an old-fashioned Monopoly game or something new that your kids are into, it’s a fantastic way to spend some quality time with your family.
Bake Cookies Together
When it’s dark and gloomy outside, there’s nothing more comforting than baking delicious cookies and enjoying them with hot chocolate. Instead of getting storebought cookies, however, you can whip them up at home and ask your kids to help! Sure, it will get a little messier than usual, but it’ll be worth the cleanup. You can also make cupcakes and ask them to help you decorate. It’s an amazing opportunity to let your children use their creativity and imagination.
Do a Learning Activity
Why not use the opportunity to try out some hands-on learning activities while you’re “trapped” at home by bad weather? It doesn’t matter if you have a one-year-old, a toddler, a preschooler, or even an elementary school student — these are always fun and engaging for kids. It will help them develop their social, math, and reading skills in a seamless way. The best thing is, you can use virtually any type of material, from puzzles and legos to writing things on paper. In other words, it’s things you already have lying around the house.