Teaching Kids about Money by Jennifer Miller

Check out my article published on Medium on the Ashoka Changemaker Series, Teaching Children Empathy through Money Management Is Crucial 21st Century Skill. It begins…

If you are concerned about your children making a living in the world on their own someday, you are not alone. Since financial acumen is not typically a rigorous part of school curricula, we know, as parents, it’s up to us to help our children. It’s likely you’ve considered teaching your child about money or have already begun the process. In fact, experts recommend giving your child plenty of practice with early money management by opening a saving account, providing a small allowance and divvying up Grandma’s greeting card funds to savings, charity and spending. These are indeed helpful experiences for children to begin understanding money’s value and its role in their lives. But the ethics developed around the use of money can be equally important and can be taught right alongside those practical first experiences. In addition, empathy goes hand in hand with ethics since acting as a responsible citizen means working to understand others who may have very different lives and circumstances than our own. Read the full article.

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