2 mins read

Money Doesn’t Grow On Trees — Really It Doesn’t

Lisa Martin0

Oh the joys of having a four year old (who is almost five and cries almost everyday because she is not five yet).  Madison has finally started noticing things – especially things called commercials.  Every single commercial she sees she wants whatever product their are selling be it a pancake ball maker to a baby that swims (though she said she wanted that and a towel to dry her off too so she is able to think beyond the commercial).  It has gotten to the point that she actually will take the remote and pause the TV to make sure you see what she wants (and no I am not kidding about that).  Needless to say, we have started talking about money.

I will be honest — Madison has no concept of money whatsoever.  However, we have explained to her that daddy goes to work to make money so we can buy things we want.  (Madison asks every morning where daddy is and why does he have to go to work).  This conversation is daily so hopefully one day she'll get it.  She is too young to understand that 5 pennies is the same as a nickel.  In her head, more coins equals more money.  I am hoping that because we are starting to talk about money now already that she won't fall into the traps so many of us have.  I don't want her to be one of the many Americans who carry loads and loads of credit card debt (which her parents do not.  We pay off ours every single month.  If she does choose to have credit cards, I want her to be smart about it.  For example, the one credit card we have gives us 1% of purchases.  That 1% is then directed to the principal on our mortgage).  I want her to be able to live within her means and be happy (which her parents also try to do).

Capital One has stepped up to the plate and has developed a Moneywi$e eLearning tool to help us teach our kids about money.  It is more for teenagers than my little ones.  However, there are definitely some tips on there that I can start teaching my children now.  I have to thank Parent Bloggers for bringing this to my attention.

When did you start teaching your children about money? Over at Bargain Life, there's a great article on the effects of couponing and the family.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

In April 2006, Lisa began blogging to stay connected with distant relatives and friends. As she delved into blogging, she discovered the potential to assist others by sharing her experiences. Lisa has actively engaged in numerous exclusive media ventures. Notable among these are her participation in events such as the Sony Mommy Bloggers Event, the Pampers Mommy Bloggers Event, the Epson Event in Chicago, the Stouffers Event, a memorable yacht excursion with Lands End, collaborations with 1-800-Baskets, an exclusive tour for bloggers by Mrs. Prindable’s, partnerships with Hallmark, PopCap games, Chicago Cubs Mastercard Priceless Events, and Rug Doctor. In addition, she has collaborated with Nutrisystem on a weight loss initiative, teamed up with Buick and Chevy, and served as a brand ambassador for Sprint. Lisa's collaboration portfolio also extends to Disney, where she has participated in press trips for significant movies such as Frozen, Guardians of the Galaxy, McFarland USA, The Good Dinosaur, The BFG, and Cars 3. Notably, for projects like Frozen, The BFG, and Cars 3, she was granted the privilege of walking the red carpet and conducting interviews with celebrities. The impact of Lisa's blog has gained recognition, with The New York Times referencing her content. Moreover, she has been featured in interviews by respected publications such as the Southtown Star, The Chicago Sun Times, and inside.