Posted by: Shareeke The Conscious Spender | December 24, 2010

Money Smarts

As we are enjoying the holidays let us continue the spirit of giving to our children. Share knowledge about being a conscious spender with your child. At this early stage of their life, teach him/her the importance of a single dollar, even the value of a single penny.

Now, ask yourself, what things can I do to make sure that my child understands the value of money? What can I do to make sure my child is Money Smart? Hmmm…Let me tell you! As a parent, it is incumbent for you to read age appropriate stories or articles to your children about keen money skills. You should buy your child a Piggy Bank and stress to them about the importance of investing and giving back to society. You should explain to them the importance of not spending all of the money they earn or receive, but instead saving “for a rainy day.” Teach your child about entrepreneurship. Create an allowance system in your home, so that it may be used as another money lesson. Now, let’s talk about delayed gratification.

Delayed gratification is an essential money smart tool that should be utilized with our children, no matter what the age. Basically, a child needs to learn that he or she cannot get everything that’s desired and that there are reasons why it is not possible to get everything desired. One example, if your child uses all of their allowance money, have them think about how and where they used their money. This helps the child to think more prior to spending all of their money. Also, as a parent you have to use this opportunity to teach your child that you are NOT a “Money Tree.” They should know that every time they ask you for money, it just doesn’t magically appear or fall out of the sky.

Money is a part of their lives, so don’t wait for someone else to educate your child about the value of money. Instead, you be the power that guides your child into a successful money smart individual.

 Creating MONEY SMARTS starts in your home!

Consciously Planning,

Shareeke The Conscious Spender



  1. The tips that you provided are quite essential, which should be re-iterated to a loved one, niece, godchild, cousin, grandchild, etc.

    Happy Holidays!!

  2. love this piece, it’s well put together. I look forward to your 2011 words of advice! thx

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