Week Ten: Money Management
First – Apologies for the tech problems. Happily, they weren’t on our end. There are 2 videos up on MomTV. The first video is from the Live Show on Monday night. The second video is the conclusion of the Money Management segment done on Tuesday. Enjoy!
This Week:
- Introduce the idea of money at your next Family Meeting.
- Decide ahead of time how much money you will give each child each week and then be prepared to follow through. That means having the money, in the correct denominations with you at each meeting.
- Decide how you will handle “lost” money.
- Plan your first outing as a way to learn more about your kids and money.
- Be prepared to support the learning, however that learning presents itself.
If you are so inclined, share an “A-ha” you had around money or something you learned as a result of giving your kids money with no strings attached.
Enjoy
- The financial freedom you experience when you empower kids to develop a healthy relationship with money
- The decrease in fighting when you are out and about because the kids have their own money
- The confidence in knowing that you are creating conscious consumers who have experience with what money can and can not do
Just blogged about it! http://athomenaturally.blogspot.com/2010/03/money.html
here’s mine…
http://thetransformationsnowball.blogspot.com/2010/03/money.html
Couldn’t find the recording of the momtv event – feeling clueless! Can anyone direct me?
No worries. If you don’t know where you are going the videos can be a challenge to find.
http://www.momtv.com/YourFamilyPlayback.html
Select the menu
Select Vidoes and Money Management Part I and Part II will come up at the top.
Let us know if you need some more help.
I posted about our first allowance-giving:
http://lorisideas.blogspot.com/2010/03/week-10-family-meeting-2-money.html
http://thetransformationsnowball.blogspot.com/2010/03/your-money-is-where.html
It turned out to be my daughter’s first week of allowance, organically. That is described in the post prior to this one, which is our first outing to a store since she got her first allowance.