Maggie Schlarb
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Kids and Money - 4 Ways to set your children up for a fruitful financial future

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Did you know about money as a kid?  Would you have liked to?  How did your parents and influencers show you how to be with money?  Were you shown to hate it? Love it? Ignore it?

Or something else?

 

If you have kids, chances are you know you require money to keep them fed, clothed, in school and purchase all the other items their bodies require.  

What if you could include your children in the creation of money?

 

Whether you have joy with money now, or you would like the possibility of having joy with money in the future, what if you gave your children the tools to create a future with money that allowed them to have, be, and create anything they desired in life?


 

Check out these # tips & tools to assist your child in learning about money:

 

  1. Let your kids have & create money. Just because kids have tiny bodies doesn’t mean they are not capable of having or creating money.  What ways can your kids earn money that would be fun for both you and them?   What ways can they help out around the house, that free up your time and that they can discover not only the joy of creating money, but also the joy of helping you too?  

 

*Be sure to set them up with their own bank account or place to keep their money so they can watch it grow and flow.  Kids actually enjoy paying for things - will you let them contribute to you?  My six year old just recently offered to pay his medical bill just because he could - how cool is that?


 

2.   Make Money Fun. Is money fun for you? Did you know money follows joy and fun? Kids       have an incredible way of making almost anything fun, why not let money be fun for them too? What ways can you make having and creating money fun for both you and your kids? Can they help you name your bills? Have a dance party every time a form of money comes into the family?  How many ways can you have fun with money today?


 

3.       Let them choose what they do with money. We all learn by experience. You probably know by the very fact that you were a kid once that kids resist their parents. If you tell a kid what to do, they are most likely to resist or go against.

Instead, give your kids the information required to have money while giving them the space to choose what they do with it. If they make the mistakes with money, THEY will receive the information they require to not make that mistake again.  I know this can be hard for parents to let go, yet, it will be HUGE in allowing them to know that they are capable with money, whether they are 2 or 22.


 

4.   Create a wish list. When you go to the store, do your kids beg for new things every single visit? Mine too! And from the very beginning we created something called a ‘wish list’. What you do with an ‘wish list’ is you add whatever your child/children is asking for to the list and you trust it will show up.   Invite you and your kids to let go of the outcome and celebrate when the wish is received.  And guess what parents? Having a wish list for your kids, means you’re off the hook from buying everything they want.  When you add items to their list, know and trust it can and will show up from absolutely anywhere. For example, my kiddo had a toy truck on his wish list,  one day we went to test drive cars and the brilliant car salesman  had toys to give kids while they were with their parents testing out cars…and guess what he had? A toy truck…how amazing is that? We got to check that off the wish list!!

 

Money can be a stressful topic in families or it can be a generative place to grow together.  Whether you are financially successful now or just beginning to change your financial reality, you can begin to shift and change your money story alongside your children.  

 

What future can you create today by sharing the experience of creating money with your children?

 

What platform can you set your children up with so that they can have a fruitful financial future that they can enjoy with ease now?

 

Maggie SchlarbComment