Financial Insights From First Graders

by Lisa McCarthy

First gradersFinancial literacy and children has really become a hot topic. It took an economic downturn to make us realize the importance -- but it is happening.

Last week, I spent my morning reading, my book, "The Money Tree" to a group of first grade students. What a delightful group of kids.

After the story was over we sat around and talked about money. Boy, do I have faith in this younger generation! They were so engaged and insightful -- you know they really have more wisdom then some adults!

Teaching Financial Literacy

A lot of the emphasis in financial literacy is targeted to high school and college students. Of course, we all know they need it. But, we must not forget that younger kids need financial literacy too.

The great thing about young children is that they have not been jaded by the outside world. They still truly believe what we teach them, and want to learn.

In this class, our conversations ranged from ways to help their family save money by turning off the lights, and not being wasteful to the value of saving money and working hard. It only reinforced to me that these six year olds, know more than most adults think. I am sure half the parents in the room would be surprised at the insight these kids had!

So, know matter what the age of your child, start talking now! Talk about what it costs to run a household, have them help you cut out coupons and get them involved! The earlier you start, the easier it will be.

Have fun and be creative. Make money and budgets a part of everyday life! Remember, as a parent, one of the greatest gifts we can give our children are the tools to grow up to be a responsible self-sufficient adults.

What insights have you had from your children?

Lisa McCarthyLisa Laughton McCarthy is a mom with a passion! As the founder of MoneySmartKidz and author of "The Money Tree," Lisa, takes delight in finding fun creative ways to help show young children the value of financial independence! Her first book "The Money Tree," with its eye catching illustrations, is the answer to every parent who wants to give their child a head start on the road to financial independence.

Join Lisa and the MoneySmartKidz movement on Facebook and Twitter.

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