Family money night – help parents teach their kids about money
When it comes to thinking and learning about money, parents are typically the No. 1 influence in their children’s lives. Children pick up on both words and actions as examples they themselves adopt. So if parents want to teach their children good money habits, they need to learn how to model those examples too. This workshop or series of workshops could train parents how to be better money teachers by using everyday examples and teachable moments. Kids could also learn about making plans, researching money decisions, saving for a goal and prioritize spending.
Start with a family dinner in a large common room. Then, break the children up by ages and send the parents off to a separate meeting room. Align lessons so they complement each other. For example, if you want to discuss setting goals and saving, talk to parents about retirement or college needs, and talk to kids about financial goal setting in a context that is more relevant to them. You may even want to include a related craft for the kids or point them to books with similar themes. Topics could include, setting money goals, preparing for emergencies, planning and tracking spending, or debt and credit.
After an hour or so, bring the kids and parents back together and give them some time to share what they learned and what steps they will take once they get home.
- Cooperative Extension System
- Local credit counselors
- Children and adult services librarians