Simple Steps for Building Financial Responsibility Teaching Kids the Value of Money
Helping your kids build and understand financial responsibility is a life skill that sets them up for success throughout their lives. By teaching them the ins and outs of money management early on, you can equip them with the knowledge and habits needed to make smart financial decisions their entire lives. START WITH SIMPLE CONCEPTS Begin by introducing the basic concepts of money, such as saving, earning, giving, and spending. You can use real-life examples, like grocery shopping or budgeting for a family vacation, to help them understand how money works. CREATE EARNING OPPORTUNITIES Creating an allowance with age-appropriate chores is a great way to give your child an opportunity to earn their own money and understand the value of work. Earning
HELP THEM UNDERSTAND NEEDS VS. WANTS Explain that while it’s okay to spend on things they enjoy, it’s important to prioritize essential expenses. This can help children make better choices when managing their money and develop a healthy relationship with spending. MODEL GOOD FINANCIAL BEHAVIOR Children learn from their parents’ example. Demonstrate responsible financial habits by saving, budgeting, and making wise spending decisions. Discuss your own financial decisions with your kids to help reinforce the lessons you’re trying to teach. Starting early and being consistent can help your children build a strong foundation for financial savvy that will stick with them their whole lives!
their own money helps to foster a sense of responsibility and makes children more mindful of how they spend it. INTRODUCE BUDGETING AND SAVING Once your child is earning money, help them develop the habit of saving. You can encourage this by setting up a savings jar or opening a savings account for older children. Budgeting is also an essential skill. Teach them to set aside money for specific goals, like a new toy or game, and track their spending.
SUDOKU
PUMPKIN PIE FRENCH TOAST
Inspired by AllRecipes.com
INGREDIENTS
1 1/2 tsp vegetable oil, or as needed
1 tsp vanilla extract
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1/4 tsp pumpkin pie spice
1/2 cup half-and-half
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1/4 cup finely chopped walnuts
1/4 cup canned pumpkin purée
8 slices day-old bread Maple syrup, to taste
3 large eggs
1 tsp ground cinnamon
DIRECTIONS
1. Lightly oil a skillet and heat over medium heat. 2. Whisk half-and-half, pumpkin purée, eggs, cinnamon, vanilla, and pumpkin pie spice together in a bowl. Stir in walnuts until evenly distributed. 3. Place 1 slice of bread in the bowl and let it soak briefly to coat both sides. Lift bread to let excess liquid drip back into the bowl, then transfer to the hot skillet. 4. Cook for 2–3 minutes or until golden brown, then flip and cook the other side until done. 5. Stir batter to redistribute walnuts and repeat with other slices of bread, cooking in several batches if necessary. 6. Serve warm with maple syrup.
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