Understanding Family and Money - A Newsletter for Parents of First Grade Children
What Do You Think?
Joey and his Mom are walking through the parking lot at the store. Joey says, "Look Mom, there are two quarters. I'm going to pick them up." Mom says, "Well Joey, they probably fell out of someone's pocket. We don't know who the money belongs to, so I guess it's yours. What are you going to do with it?"
(See end of newsletter for a possible answer.)
Like most people you probably have some strong feelings about money even though you may not think you do. And, these feelings didn't just happen. Rather they've been formed by past experiences. The values and beliefs of the family you grew up in strongly influence your feelings about money today.
If there are two adults in your home there will also be two sets of ideas about money. This can be a source of conflict if you do not talk about these differences. It also can be hard for your child because the child will learn his or her own values and attitudes about money from you.
Remembering Your Childhood
As a parent it can be helpful to occasionally think back to your days as a child. Many of your ideas about money come from what you learned as a child. Here are some questions you might ask yourself to help you understand your own values and attitudes about money.
- How was money treated in your home?
- Did you talk as a family about money?
- What good memories do you have about money?
- What bad memories do you have about money?
- Did you get an allowance? Were there any rules about how you could use it?
- If you didn't get an allowance, how did you get money?
- Did you feel like you had enough money?
- What feelings about money did you carry into adulthood?
Spend some time thinking about these "money memories" and how they affect your life as an adult. Most likely you will want to continue some things, change others, and pass certain attitudes or feelings on to your child.
Reprinted with the permission of the Iowa State University Extension. © 2008 Iowa State University Extension.
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