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Understanding Importance and Value - A Newsletter for Parents of Third Grade Children

Iowa State University Extension
Updated on Jun 2, 2009

What Do You Think?

Ashley is eating supper with her family. Dad says, "It's been a good week. We've paid our bills, put some money in savings, and have $25 left." "Well good," says Ashley, "I want to go shopping." Dad says, "Wait a minute, that's not just your money to spend." Ashley answers, "Well then, whose is it?"

(See end of newsletter for a possible answer.)

Learning More About Yourself

Before you can teach basic money concepts to your child, you need to look at your own values and attitudes related to money.

Values are those very basic things that are important to you. Attitudes are your reactions, positive and negative, to an idea.

Values are strongly influenced by what we experienced and learned as a child. But this can change over time and as we grow.

Choosing What is Important to You

Ask the adults in your home to rank these choices in order of importance to them. Then discuss your answers. The choices you make are a clue to some of your values. These are the values you will teach your children.

Adult #1 Adult #2 Choices
    To have people like me
    To do things for my family and others
    To have friends
    To do what is right
    To be able to do what I want to do
    To do new and different things
    To have a lot of nice things
    To be able to do things well
    To know what will happen tomorrow
    To be secure and healthy

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