Teaching Financial Responsibility Through The Power of The Penny

One of the more important objectives we strive to teach children through The Power of The Penny is financial responsibility. Now, our book alone, though a wonderful tool, is just the beginning in what should be a great journey you and your children can take by continuing to teach financial responsibility. Here are a few ways you, as a parent, can teach your children more about financial responsibility.

We all probably feel it’s a good idea for children to help around the house by assigning chores. And while these chores should be completed without expectation of pay, work performed outside set chores could be reason for earning a little extra money. Incentives like this let kids feel like doing extra work is worthwhile, and this goes a long way in building character.

We should all teach our children how to save. If they get into the habit of saving money at a young age, they will be more likely to continue the habit as they get older. A good way to start is to set up a system of what percentage of money should be saved, this can vary from month to month if, for example, extra money is needed to buy holiday gifts for family members.

We strive to enlighten children who read our book, and we encourage parents, and adults alike, to continue building character in our children.



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