Finding Other Resources - A Newsletter for Parents of Fifth Grade Children

Finding Other Resources -  A Newsletter for Parents of Fifth Grade Children
Iowa State University Extension

What Do You Think?

Mr. Baker and Mrs. Cooper are sitting next to each other at a school sports event. Mr. Baker says, "We received the Centsible Parenting newsletter this year and learned several new ideas to help Jamie increase her money management skills." "Not only is Trevor learning, but our whole family is doing a better job of talking about finances," says Mrs. Cooper.

Children will learn and develop decision making, financial management and consumer skills based upon what they talk about with their parents and observe them doing. Remember, in general you need to:

  • guide and supervise rather than direct and dictate
  • praise instead of criticize
  • not use money as a reward or punishment
  • let your child learn by both successes and mistakes
  • be consistent
  • include your child in appropriate financial discussions
  • be good role models and provide money management experiences involving your child
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