Teaching your kids about money – start early

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Article by Allison Jarman

As a single mom, you probably feel overwhelmed financially. This is not the time to feel sorry for your self or believe the lie that there’s no hope. It is the perfect time to introduce your kids to money. As we wish for each generation to get better, it is up to us to teach our kids to be money wise. At the same time you are bonding, you are both learning new things about money, investing and saving. There are several ways to teach your kids about money, which I list below.


There are excellent sites for you and your kids to learn about money. The number of sites geared towards kids is growing. Your best bet is to review the sites and design a plan of how you will teach your kids and what sites you will visit. You should set aside at least 3 hrs a week to review sites together and then also allow them to play games that simulate saving, debt trouble and earning money. I have found the finish rich site offers the most variety. You can play “debt” , “investment”, “money earning” games.



Leading by example

Set up two piggy banks at home, one for you and for your kids. You most likely manage your money through your bank, either online or mailing in bills. But your kids need to SEE you saving. As they watch you drop money into a piggy bank, they will want to participate too. It is well documented that kids do more of what they see than what they are told. Even if you are only dropping loose change, make sure you drop SOMETHING EVERYDAY.


Open a small account at a well known firm such as Charles Schwab or TDAmeritrade. These two companies offer parents the opportunity to open an account for your child with a small amount.



Think Quest


So you have some tips and ideas, the next and most important component – FUN! There are many kids games online. You can turn saving money into a game at home. Each time your son or daughter beats you at a game, drop a quarter or two or even a dollar into their piggy bank. Also, make sure that amongst your three hours weekly devotion, your kids get to nothing but have fun. Using fun sites will encourage your kids to keep learning stead of viewing money as a “drag” or boring activity. Good luck and happy saving!

Article Written by Allison Jarman
Although recently married, Mrs. Jarman spent 17 years as single parent. She is the proud mother of two adult daughters. Mrs. Jarman was a classroom teacher in public schools and currently works in accounting and finance. She is a twice published author and weekly contributor for articles pertaining to single parents and families.

2 Responses

  1. Aiden says:

    Excellent links … will definitely share with my children!

  2. Allison Jarman says:

    Thank you both for the feedback!!

    @Sara – excellent link – thanks for sharing.

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