Comments on: The Best Lesson We Taught Our Daughters – The Value of Money

By: Kim

Kim — Fri, 22 May 2009 01:58:31 +0000

Hi Valerie,

I love this concept and approach. I’m adopting it for the 2009 – 2010 school year. Each one, teach one!

Thanks

By: Valerie

Valerie — Wed, 29 Apr 2009 00:12:53 +0000

Hi Cherise, my mother didn’t teach me about money either. She was good at budgeting but I guess she thought I would learn from watching her. I did pretty good but learned a lot from my husband. If we teach our children how to handle money, they won’t buy into the myriad of credit cards they push at college.

By: Cherise Gee

Cherise Gee — Tue, 28 Apr 2009 23:44:15 +0000

I love this post!!! Growing up many parents did not teach there children the value of a dime and because of that they grew to waste away their money because they did not know about savings. There was no one there to tell you don’t get 10 credit cards when you go to college or how to balance a check book. I have been trying to figure out a way to teach my children how to budget. We give an allowance but like you said you become the evil stepmother when you have them spend their own money for things they want instead of yours. So I do love this approach!!!

By: Valerie

Valerie — Mon, 06 Apr 2009 00:39:34 +0000

Natural, if your child watches Suze Orman with you, she is definitely on the right track. Suze has great advice.

By: Valerie

Valerie — Mon, 06 Apr 2009 00:37:33 +0000

Thanks Damon. Fred and I believe parents have a responsibility to teach their children how to budget. They don’t learn if through osmosis. It’s well worth the effort.

By: Damon

Damon — Wed, 01 Apr 2009 15:26:14 +0000

Valerie, This is a great feature. It is not uncommon for adults to assume that children will simply pick up on how to manage money. It clearly takes a concerted effort. I find this information to be very helpful. Double-D Damon’s last blog post..“Who the (expletive) is Reggie?”

By: Natural

Natural — Sat, 28 Mar 2009 13:26:07 +0000

hey valerie. that's a great story. it's never too early to start teaching kids about money. i started very early with my kid, she doesn't even get an allowance, but has to work for every dime she gets from me. she may get free money from dad, uncle or auntie, but not me. she also watches suze orman with me, we talk about credit cards - actually that's a bad word in this house. it's either you have the money or you don't. no credit cards. she's a cheap kid and hates spending her money. she knows how hard she had to work for it and will only spend it if truly necessary. funny. with our money, she wants everything. with hers, she gets selective. good job to you! Natural’s last blog post..E is for Episode