Comments on: 5 first grade money lessons that many adults have forgotten

By: Erik

Erik — Tue, 02 Jun 2009 19:27:26 +0000

Teaching children that money is not a right is the most important money lesson in my mind. So often, they think that their parents have endless supplies of it, and they dont have to do anything to get it. “allowances” are dead. Compensation for your EXTRA time and effort to the household is what an allowance should be. Also, I don’t like giving money to kids for chores they should do as a member of the house. Taking out the trash is part of being under the roof. Cleaning out the garage and organizing it is going above the call of duty and deserves compensation.

By: SailboatFamily

SailboatFamily — Mon, 01 Jun 2009 18:26:42 +0000

“3. Money isn’t a right or privilege – it is compensation for hard work”

Totally agree with the first part, about money not being a right or privilege. But the second part, compensation for hard work, isn’t necessarily so. You can gain money without hard work. Heck, there are people who get money without working at all (e.g. welfare).

If you believe hard work is required to acquire money, then it will. However, money earned via Interest, for example, doesn’t require it.

Thanks for today’s post!

By: james samy

james samy — Sat, 30 May 2009 15:12:47 +0000

great post Christian and makes anyone reading more inspired to achieve more in life

By: Little kids know more about money than you do. | The Practical Nerd

Little kids know more about money than you do. | The Practical Nerd — Thu, 28 May 2009 18:59:10 +0000

[...] finance blog Christian Personal Finance recently put a post on lessons learned in the first grade that still apply to us today. While it focuses on money, it also speaks to our attitude towards money: 2. It doesn’t matter [...]

By: Savings Account Rates Girl

Savings Account Rates Girl — Thu, 28 May 2009 18:45:18 +0000

Very good tips and worded very nicely.

I like #5 a lot – I think many adults forget this.

By: Nicki at Domestic Cents

Nicki at Domestic Cents — Thu, 28 May 2009 11:04:25 +0000

Great post! I love #3. Seems a lot of people have forgotten this one.

By: studenomics

studenomics — Thu, 28 May 2009 03:55:26 +0000

One thing that always hits the nail on the head is the whole concept of not buying something if you don’t have the money. Seriously. Think back to when you were 10 years old. It was simple, if you didn’t have the money for the newest video game you never bought it. Now if you don’t have money for a vacation people will swipe for it.

By: Craig @ Money Help for Christians

Craig @ Money Help for Christians — Wed, 27 May 2009 17:26:59 +0000

Thanks for the great reminder about the simplicity of personal finance. The irony is that the material is so simple yet there always seems to be some disconnect to making it happen. We all need to be reminded that money management is as much about the heart as it is the brain. The lessons are simple but it takes some character and resolve to make it happen.

By: Craig

Craig — Wed, 27 May 2009 15:32:43 +0000

So true and so simple yet adults can make it very complicated for no reason.