Teaching Money Concepts - A Newsletter for Parents of Third Grade Children

Teaching Money Concepts -  A Newsletter for Parents of Third Grade Children
photo by: Jayray24
Iowa State University Extension

What Do You Think?

Jennifer and her mom are shopping for a birthday present for a friend. They pay for the gift and Jennifer sees a hair barrette she really likes and says to her mom, "This barrette is so cool, would you buy it for me?" Her mom pays, "We just don't have any extra money right now." Jennifer whines, "But Mom, just write a check for it."
(See end of newsletter for a possible answer.)

Parents may wonder when to start teaching children about money. Children are not born with money sense and need help and guidance to get them started in the right direction.

Teaching money management has never been more important. Many teenagers are handling lots of money without having the slightest idea of how to do it. If children learn the basics as they grow up, they will be better prepared.

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