Kids and Money: How to Teach Wealth Habits to Your Kids

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Kids & Money: Teaching Wealth Habits to Your Kids

Aha! You've joined the ranks of those wise parents who have realized that they'd like to spare your children the burden of repeating your money mistakes? (or, of the poor money lessons that you were taught as a child?) Do you want your kids to learn NOW - while they're young - the money wisdom and skills that you are acquiring on the "Get Out of Debt Now" or "Law of Attraction" paths that you are (fortunately) now on?

Would you like your kids to learn Abundance and Wise Money Management now, when they're young? Would you like your kids to build strong habits that will help them save, spend and donate money wisely?

Great!

But, how do you do that?

Hmmm, you could:

Attempt to take everything you've learned about getting out of debt, money management, savings, allocation, allowance, investing, abundance and law of attraction, and distill it down to some core elements
Then, take those core elements and figure out how to convey those concepts to kids into a fun, easy method
Then, take that fun, easy method and figure out how you, a busy parent with busy kids, can actually implement that method into your daily lives
Then, use trial and error to arrive at a fun, easy system that really works with your real-life busy family

Or, you could:

1. Get my book, The Kids' Bank Book which has done all of that work for you already.

Hmmm, what to do, what to do . . .

If you teach your kids great wealth habits now, they'll enjoy financial abundance and freedom when they're adults.

Do you want some pointers and a jump start? Then, this Squidoo page is for you!

Contents at a Glance

Teach Your Child How to Help a Child
10% OFF for Squidoo-ers
Get Your "5 TIPS to Wealth Training Your Kids" via email

Fun Counts!
Get Wealthy - Do Good
3 TOP Reasons Why Piggy/Traditional Banks Fail

more...

Teach Your Child How to Help a Child

What better cause to donate to than giving a child food, water and shelter?

With Save the Children, your child and your family can actually connect with the child that you are helping.

Wow!

Save the Children is the leading independent organization creating lasting change in the lives of children in need in the United States and around the world. Recognized for our commitment to accountability, innovation and collaboration, our work takes us

We at Squidoo passionately believe in creating new ways to support good causes online. By making a donation to Save the Children from this page, you are sending money directly to that organization, in whatever amount you want. We don't touch it. We don't even see it. The author of this page doesn't either. And if you made it this far, thanks for caring.

10% OFF for Squidoo-ers

10% OFF The Kids' Bank Book e-book regular price of $27

Use Squidoo Coupon Code: COOLSQUID

Get It Soon - Coupon Expires Halloween 2009!

Get Your "5 TIPS to Wealth Training Your Kids" via email

First step, get the FREE 5-day Tips to Wealth Training Your Kids e-mail. Lots of good content too - 5 fairly-in-depth discussions of 5 issues relating to kids and money and families.

DO THIS NOW! Then you'll have the first topic waiting for you in your e-mail by the time you're done reading this Squidoo lens!

Fun Counts!

When it comes to kids and money, fun counts!

3 words: Charlie Brown's teachers

Remember their voices? "Wah wah wah, wah wah wah wah"

That's what your kids hear as soon as you speak about money - regardless of whether what you say is kind, brilliant, lecturing or in pseudo-kids-lingo.

What to do? Speak less, do more

WHAT???!!! It's true and can be done.

[Charles Schultz was a hero of mine, along with Walt Disney & Jim Henson, growing up. His Charlie Brown image is from The Official Peanuts Website. Peanuts does not endorse me or my book or this Squidoo lens; Charlie Brown's image here is simply to illustrate the "wah wah wah" voice of his teachers.]

Get Wealthy - Do Good

Visit Watoto
and find out how
to DO GOOD

If you get VERY WEALTH,
you can do LOTS of GOOD!

3 TOP Reasons Why Piggy/Traditional Banks Fail

a.k.a. Why you wouldn't be caught dead using a piggy bank to teach wise money management and wealth habits to your kids.

Piggy banks fail to teach any money habits, financial strategy, discipline or planning.
Piggy banks reinforce negative habits and beliefs. For example: "put all your money here and let it sit there being useless, and when you want or need money, then dig and scrape to get to it, and count it, maybe you'll have enough, maybe you won't." That fails to work as an adult, so why train for that dysfuntional mentality now?
Piggy banks fail to allow for today's paper-bill dominated society. Every try to squish a $10 bill into a piggy bank slot? It's offensive what you have to do to the money in order to put it into its so-called-place - it is antithetical to the whole idea of responsibly caring for your money. We teach kids to make their bed, fold and hang their clothes neatly, keep their homework organized, but then, when it comes to money - just crumple it into a ball and jam it into the so-called-bank.

1 TOP SOLUTION - 4 Part Wealth Bank

[aka Giving Bank, Abundance Bank, or Tithing Bank]

What to do? Make the simple, or elaborate, version of the 4-part abundance bank in The Kids' Bank Book, which has step-by-step instructions, and lots of How-to Tips.

Want the bare bones version now? Go to my Squidoo lens on How to Build a 4 Part Kids Wealth Habits Bank.

[But, I know you're gonna want the gorey details later, so there's a link on that Squidoo lens for the Book that gives you all the how-to secrets.]

How to Make a 4-part Kids Wealth Bank

How to Use Kids Giving Banks and Tithing Banks

Thinking of buying your child a 4-part (or 3-part) Giving Bank or a Tithing Bank to help your child learn how to SAVE, SPEND, and DONATE money? First, get some tips and hints here on the keys to its successful use. All simple things a...

How to Build a 4-part Kids Wealth Habits Bank

Welcome! You're probably a parent who recently visited my How to Teach Wealth Habits to Your Kids Squidoo lens and wants to know about the 4-part bank for your kids. Great! You're in the right place. [If you didn't come by way of my o...

TOP 7 Reasons Why Parents come to us

You want to teach your children Wealthy Habits because:

You've watched "The Secret" or attended/read Law of Attraction workshops/books, and want to pass this wisdom to your children, especially in the financial area
You've read "Rich Dad, Poor Dad" and want your children to learn its lessons - now, before they are your age
You want to spare your children all of the negative beliefs that you or others grew up with about money (e.g. it doesn't grow on trees, more money means more hard work, scrimping means saving), and you want to replace it with positive, abundant-minded beliefs and actions
You come from a donating, tithing, charitable background, and want to pass that value system on to your children, while giving them a sound, balanced understanding of how money works
You want to spare your children the pain of becoming buried in credit card debt or other consumer debt - but you don't want to hand them everything on a silver platter either - in other words, you want them to learn wise money management lessons early
You are wealthy and want your children to have an appreciation and understanding of money that they won't acquire by simply enjoying your comfortable lifestyle, or by simply getting a job
You want to save your children the pain of waiting until they are 30, 40, or 50 years old to "get it" when it comes to money

OK, it's Time . . . to get the Facts and the Book

Just get the Book now and get all of your questions answered. [FYI, if you still have a question after reading the book, I'll answer it. Highly unlikely that a detail-oriented attorney would leave a stone unturned, but hey, it could happen. (One of my favorite movie lines, from "Angels in the Outfield.")]

$27
[notice I spared you the mile-long sales pitch of hype and highlighting before you found out basic stuff like price?]
100+ pages
Easy to read
e-Book in MS Word format
[appears instantly on your computer screen after your payment is also instantly approved]
Get a 20 page Excel Spreadsheet via email
[gives you budgeting and projection help, detailed allowance and Return on Investment calculations; use the spreadsheets as is, or experiment with entering your own unique dollar amounts]
Get more information about the Book at The Kids' Bank Book website
Skip the website and go right to the Kids Bank Book Shopping Cart
Complete Money-Back Guarantee (no questions asked)

3 KEY "HOW TO" STEPS to teach Wealth Habits to Your Kids

[from "The Kids' Bank Book" e-book available at www.KidsBankBook.com]

I had a tough time narrowing it down to just 3. Here they are. [Gosh, lawyer-writers have soooo much to say!]

Money generates more money - if invested - and that More Money is called Return On Investment (ROI). Kids can and DO learn what ROI is almost instantly because of how the Kids' Abundance Bank is set up.
An Abundance Bank has 4 sections:
- More Money
- Spending
- Holiday/Birthdays (to spend on gifts for others)
- Donations
Giving kids an allowance and ROI is giving kids the tools to practice how to handle money so that they will develop a rock-solid HABIT at an early age. Without the tools they can't practice. Sure, they can get a job, but now you have just convoluted and complicated the REAL message - how to handle money once you get it. Have concerns about kids' jobs v. allowance? The important thing is that you get to determine the amount of the allowance and the ROI. The Kids' Bank Book helps you with these numbers. Visit the website or read the book for a more detailed discussion.

FAQ: Frequently Asked Questions

Q: How early can I start teaching my children about money management skills?

A: Children as young as 5 years old will embrace the money system that you will teach them from The Kids' Bank Book.
Q: Should I buy a special 3 or 4 part bank for my child to use with The Kids' Bank Book system?

A: Absolutely Not! There is no bank on the market that sufficiently addresses all of the aspects that are necessary in a good money management bank. The Kids' Bank Book will tell you how to create a simple or intricately beautiful perfect bank for your children to enjoy while learning great wealth-building skills.
Q: I don't think I have good teaching skills, how will I be able to take what The Kids' Bank Book says and teach it to my children?

A: The Kids' Bank Book has both step-by-step instructions of how to talk to your children when dealing with money, AND an easy-to-use system that your children will embrace quickly. You'll do less teaching and more enjoying watching them use their new money skills.

Allowance Questions

Got Allowance questions?

Why? (to give it)
For what? (in exchange for what, if anything)
When? (how often)
How much? (10s, 20s, 30s?)
For what? (to be used for what)

Then see my Squidoo Allowance lens.

Email Me

Got a Kids & Money question?

Just hit the "Contact Me" link just below my Bio (upper left corner).

Or email me at: markham at kidsbankbook.com

My Favorite Quote about Children - and Life

"A baby is God's opinion that the world should go on." by Carl Sandburg

We all have a desire to teach that child to Be, Do and Have better than our generation. The Kids' Bank Book is just one more tool to help the World go on just a little bit better.

Great Creative/Thinking "Toys" for Kids

These are GREAT items! Isnt' quality a wonderful thing? [My comments are in brackets at the end of the prefab description.]

Kids and Money: How to Teach Wealth Habits to Your Kids

Kids & Money: Teaching Wealth Habits to Your Kids

Contents at a Glance

Contents at a Glance

Teach Your Child How to Help a Child

10% OFF for Squidoo-ers

Get Your "5 TIPS to Wealth Training Your Kids" via email

Fun Counts!

Get Wealthy - Do Good

3 TOP Reasons Why Piggy/Traditional Banks Fail

1 TOP SOLUTION - 4 Part Wealth Bank

[aka Giving Bank, Abundance Bank, or Tithing Bank]

How to Make a 4-part Kids Wealth Bank

TOP 7 Reasons Why Parents come to us

You want to teach your children Wealthy Habits because:

OK, it's Time . . . to get the Facts and the Book

3 KEY "HOW TO" STEPS to teach Wealth Habits to Your Kids

FAQ: Frequently Asked Questions

Allowance Questions

Email Me

My Favorite Quote about Children - and Life

Great Creative/Thinking "Toys" for Kids

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Parenting Inspiration on CafePress

The Parents' Financial Wealth Tools Poll

Favorite Wealth & Abundance Books from Amazon

(Because teaching our kids begins with teaching ourselves)

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Links to Cool Wealth, Abundance, or Helping Others Websites

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Voila: Just copy and paste this code into your own site. Have fun!

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Cool Squidoo Lenses about Money

[more, better, now]

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