Page 79 - Workbook2E

TEACH YOUR CHILDREN THE NATURAL VALUE OF MONEY
C Teach Your Children the Natural Value
of Money
Value is the Name of the Game
To value something means that we hold it in high esteem or prize it as something of worth. The value of something is a reflection of its desirability, usefulness, or worth.
People value items that satisfy their needs and fulfill their wants—generally, things that bring them pleasure, rather than pain—approval and acceptance, rather than disapproval and rejection. Children generally value only what they’ve been taught to value by their parents or role models. The following activities help teach children the value of money as a tool to meet their needs and wants.
Things of Value Are Earned by Effort and Labor
It’s never too early to teach children that money is earned by labor performed. When parents provide money without teaching this principle, children become consumers rather than producers. As consumers, children don’t see that all goods and services are paid for by the labor and effort of someone. Parental indulgence deprives children of the opportunity to learn this basic rule of economics. They are denied the opportunity to contribute to the well-being of the family. The result of always receiving without working is that children begin to expect rewards without labor.
List a few ways you can teach your child things of value are earned by effort and labor:
“Labor is the true standard of value.”
~ Abraham Lincoln
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