HOW TO INCREASE YOUR CHILDREN’S FINANCIAL INTELLIGENCE

Being a parent, I am constantly thinking about how to help my children gain a firmer understanding of the financial world, so that I can help them succeed even before they get started. If you are a parent, no doubt you want this for your kids as well and if you are, I’d venture that there is a very strong chance you have children in your life or will have in the future.

We will be going through different ways to increase your children’s financial intelligence and perhaps even yours.

Start early: Never assume your child won’t understand anything you tell them, keep reinforcing the basic fundamentals of money.  Don’t let them spend more than they have and explain before going to the store that there is a limited amount of money to be spent. You can encourage your children/child to not only save apportion of their money, but to donate a fair portion as well, once you can instil this in them early, it will carry on for the rest of their lives.

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10 Tips for Raising Moral Kids

Home is the best school for teaching moral behaviors. Here are 10 parenting tips from Building Moral Intelligence: The Seven Essential Virtues that Teach Kids to Do the Right Thing by Dr. Michele Borba.

1. Commit to Raising A Moral Child
 

How important is it for you to raise a moral child? It's a crucial question to ask, because research finds that parents who feel strongly about their kids turning out morally usually succeed because they committed themselves to that effort. If you really want to raise a moral child, then make a personal commitment to raise one, and don't stop until he does.

2. Be a Strong Moral Example
 

Parents are their children's first and most powerful moral teachers, so make sure the moral behaviors your kids are picking up from you are ones that you want them to copy. Try to make your life a living example of good moral behavior for your child to see. Each day ask yourself: "If my child had only my behavior to watch, what example would he catch?" The answer is often quite telling.

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