talking about money with your kids–a contest with iVillage.com

To understand money is to be good with numbers, which I am not. And therefore, I am not good with money. I’m good at spending money, but when it comes to understanding, saving or managing it, I suck. I know my parents tried to teach me about it back in the day, but those lectures fell on deaf ears, clearly.

Plus, I must admit, that my parents were very giving with their money and though I didn’t live extravagantly, I was definitely spoiled to a degree. There was always a surplus of money (or so it seemed to me in my bubble). And a twenty in my hand anytime I wanted to go to the mall with friends. In college I bounced checks every month for the first year of having my own checking account, and maxed out my credit cards a few times before I understood what the words “interest rate” meant.

Now that I am in a different financial situation from when I was younger and I have two little daughters that my husband and I are responsible for providing for, I have an entirely new appreciation for money. It kills me when something breaks and Lily says, “That’s okay, we’ll just buy a new one.” As if it was as easy as plucking it from a tree. So I am starting the money convo early with my kids and have given them each their own piggy bank. Hopefully they will learn more about money sooner and more swiftly than I did.

Right now iVillage.com is running a campaign on how and when to initiate “The Talk” about money to your kids. When is it appropriate?, How do you it? That kind of thing. As part of their campaign, there is a video contest in which the winner will earn $500 in AMEX gift cards. Now that I understand! And I want to win. So, please check out my video below and go HERE to vote for it.

Also, if you’re interested in submitting your own video for a chance to win $500 CLICK HERE.

[pinit]

12 Comments

  1. 1
    Sherri says:

    Mary,
    Where was this blog 20 years ago. Hahahahaha. My kids are 23 and 17 so hopefully, they will be good money manaagers. My son’s an entrepreneur. He always has these huge ideas to make it rich quick.He’s not so much into college but is frocing himself to go in between tours. He’s a US Marine and just got back from Afghanistan about a month ago and already he has started his own social networking website for college kids called BeerHappens.com lol I know it speaks for itself right? My dauther, well she get’s things handed to her (Princess Maria.) It took me a while to figure out credit cards are the devil. Now, mostly I just pay cash for everything. Learned my lessons the hard way!
    Going to go click to vote for you. Best of luck! Adorable video!

  2. 2
    Jen says:

    I need to give my kids money to rub my feet. That is a brilliant plan.

  3. 3
    Jean says:

    Too adorable! No, perfectly adorable!
    My hubby gave our youngest $1 for smelling his feet. Poor child.

  4. 4

    well done ! hope you win!

    we’ve tried to instill the importance of money with our now 5 yr. old. by giving him an allowance. He can’t save anything! Everytime he gets his money he wants to spend it right then! :)

    He always finds something thats usually $20 + that he REALLY likes and I attempt to explain to him that he CAN get it – he just needs to hold on to that money until he gets more…..nope, he just settles for some crapified dollar store junk that breaks in less then a week and replaces it with another equally junky something the next week he gets more of his allowance. geesh!

    • Mary says:

      That is so typical isn’t it? But at least you are “having the talk” now. The allowance idea is great. I will start that too once mine are a bit older.

  5. 5
    Christina says:

    rub my feet!
    bwhahahaha!

  6. 6

    It is never too early to learn about money! This is a great contest to expose children to money management. It is also going to help parent reflect on their money habits.

    • Mary says:

      I think it’s a great contest too. Kids have a tendency to be spoiled these days so hopefully “having the talk” will open their eyes a little and give them a different perspective.

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