“Mom can we get this? Mom can I have one of these? Can we have one of those? Why can’t I have it? Well Jimmy has one…When will you buy it for me?
“Anyone with kids knows those words and has heard them thousands of times while shopping or even when a commercial comes on TV. Rather than wanting to put earplugs in take a minute and learn the valuable money lessons your child is trying to teach you about money.
- Ask – From hearing the word no so many times throughout our lives we somehow stop asking for the things we want in life. We don’t want to hear the word “NO” so we just don’t ask for what it is we really want. Whether it is a raise, a purchase, or even help when it comes to understanding money. Take a lesson from your little one – Ask for what you need.
- Negotiate – Kids are the best negotiators, there is no doubt about it. “Can I have a bag of cookies? Just three? How about two? Just one?” You know you’ve done it, said no and then in some way shape or form the kids get part or all of what they want because they negotiate with you! So why not ask for a deal the next time you are at the checkout…what the worst thing that can happen? They say no…big whoop you haven’t lost anything!
- Never give up – This falls into the ask and negotiate categories. If kids really want something they are relentless about it! Just when you think they have given up or forgotten BOOM they ask again! If you call your cable company asking to change your package for a better deal and they say no, keep trying! You never know when you will get the right person on the phone that will end up saving you a bundle.
- Don’t worry – This could be the most important lesson my kids have taught me about money. There is always more. As adults we focus on the lack, the work, the effort when really there is more than enough abundance out there just start focusing on it! Neither of my kids ever stress about where the money will come from, they just trust that when they need it, they will find it or it will come to them and guess what it does!
- Don’t stop learning – If a child doesn’t understand something they ask questions and learn as much as they can about whatever it is. My son right now is on the Titanic kick and needs to know everything about it (Too bad Leo & Kate don’t talk about how many engines or how far it sunk in the movie) The lesson to be learned here is if you don’t feel you know enough about money – LEARN! Pick up a book, watch online presentations, ask friends and family or hire a money coach! You can never stop learning in life. Learning also sets a great example for your kids. Have you been teaching your children good money habits? If not check out this article about teaching kids about money.
95% of the way we act with money is actually an unconscious behavior. Children haven’t had the life experiences to give them the warped ideas about money that most adults have. Take a step back and see what you can change in your money world today by following your child’s example.
Still feel like you will struggle with the above?