10/09/2026
Are you teaching your children how to handle money?
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At different times, I have heard parents in our community talk about their children asking questions such as, “Are we rich?”, “How much money do you make?” or “Why can’t I have what my friends have?” These questions may seem simple, but they can leave parents wondering how best to respond. These conversations remind me an important but often overlooked aspect of parenting: teaching children about money and the values that should guide how they use it.
Talking about money can feel uncomfortable. Parents may worry that discussing family finances will expose too much, encourage materialism, or place unnecessary burdens on young children. As a result, money is sometimes treated as a subject children shouldn't ask about. However, children are more aware of money than adults may realize. They notice what their parents buy, what they refuse to buy, how their family compares with others, and how money affects everyday decisions.
My central message is that raising financially responsible children isn't about making them wealthy. It is about helping them become grounded, generous, patient, modest, and thoughtful about money. These qualities don't develop automatically when children grow up. They require guidance, example, and honest conversations.
One lesson is that money can be used to teach values, not only to purchase things. Parents who give their children an allowance can use it to introduce saving, spending, and giving. Children can learn to set aside money for something they want, make decisions within a limited budget, and experience the consequences of spending everything too quickly. Household responsibilities, meanwhile, can be taught as part of contributing to family life rather than always being treated as work that deserves payment.
Another important lesson is that everyday financial decisions present opportunities to teach. When a child asks for an expensive phone, fashionable clothes, or shoes that friends already own, the conversation can go beyond saying, “No, we can't afford it.” If the family can afford the item but chooses not to buy it, parents can explain. May be the money has a more important purpose, or the less expensive option meets the same need. Such conversations help children distinguish between what they want and what they need, while learning that spending is a matter of priorities.
Parents can also use birthdays, holidays, gifts, and charitable giving to discuss gratitude, generosity, and moderation. Children should understand that receiving more expensive gifts doesn't make someone more important, and that helping others is a meaningful use of money. When possible, allowing children to decide how a small portion of their money might be saved, spent, or given away helps turn these lessons into habits. The most important point is that being spoiled has less to do with how much a family earns than with the attitudes a child develops toward money and possessions. Wealth alone doesn't teach gratitude, just as financial hardship doesn't automatically produce wisdom. Children need to learn that their worth isn't determined by the clothes they wear, the phones they own, or their family's income.
I encourage parents in our community to become more comfortable having age-appropriate conversations about money. This doesn't mean disclosing every detail of household finances or making children responsible for adult concerns. It means answering their questions honestly, explaining family choices, and allowing them to learn through small, manageable decisions.
Parents work hard to provide their children with education, security, and opportunities. It is equally important to prepare them to manage what they receive. A child who learns to save patiently, spend thoughtfully, appreciate what they have, and give generously is gaining skills that will serve them throughout life. The goal should be not to raise children who have everything they want, but to raise children who understand the value of what they have. Let's help them to be grounded, generous, and wise.
Learn, Relearn, Unlearn