RE: Consumer Math is not just about MATH!
(Edited)
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I was lucky enough to find a kiddie version of The Richest Man in Babylon. It opened a whole new universe of math topics to my daughter. I let her watch me when I fill out the monthly budget file I created and I also let her budget her allowance. I give her a weekly allowance even though she's homeschooled. This way, she gets enough practice for paying herself first and for deciding when and where to use her extra cash. I'm about to teach her how to make her money work for her, but I'm taking it one step at a time. I want to make sure that every topic is clear to her and that the habit of financial responsibility is already formed in her.
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@romeskie - I have heard of The Richest Man in Babylon but have never read it. I had no idea there was a kid's version.
Our take on allowance might be a bit different than most. First, we don't give that much, but we want to give enough so that our kiddos can learn the basics of how to save, spend, and give. Second, we want to make sure that serving our family is not always connected with financial gain.
That being said, there are some less common jobs that can earn a child some extra money. I appreciate how my children are looking for ways to earn money outside of the home. Babysitting and hand-made crafts have been great money opportunities.
This is so important. We need to make sure that our children take ownership of their own financial literacy and decisions. It may take time, but it will be such a blessing for them in the end.