Money management for children is the focus of next Wednesday’s, March 16, PTA Coffee Break at the Surf and Sand hotel starting at 8 a.m.
In a culture of affluence, many parents are concerned about their children’s understanding of money, but don’t have a plan for teaching the respect and responsibility that comes along with it. Parent and therapist Vicki Hoefle teaches parents how to give children real-life practice in developing a healthy relationship with money. This process includes allowing children to make mistakes, learn by loss and develop the habits for “saving, spending and giving it away.”
Here are a some of the issues she covers: the best age to begin giving children money; the conditions of an allowance and guidelines for spending it; how to transition kids from the wallet to the bank and from spending to saving; whether to give kids a debit card; having them help you pay bills; and introducing them to the idea of making financial donations.
As usual, $5 will buy coffee and pastries and a valuable seminar.