Strollerderby

Teaching Kids to Share -- Their Money

Posted by Madeline Holler

Raising a little philanthropist sounds so great in theory. But in practice? I can't quite figure out how to get it going. 

I could do what parents did when I was growing up, which was to tell their kids exactly how much of their allowance to turn over to the church. But where's the lesson? The lifelong habit? We don't want charitable giving to be motivated from guilt, right? And where should the money go? Do kids get the concept of others in need?

Emily Bazelon, a writer for Slate, watched her sons get involved in charity -- one of them raising money to save an ophaned elephant in Kenya that had fallen down a well. She asks whether it wouldn't have been more relevant to raise money on behalf of orphans -- actual human ones -- in their hometown, Washington, D.C.

She concludes, with the help of David Owen, author of The First National Bank of Dad, a book on teaching kids about money, that the opportunity to give is more important than who the actual beneficiary is.

She writes:

Owen argues that "when parents require their children to give away a certain amount of money every week or every month, the parents are really just craftily confiscating what they believe to be excess resources." He thinks that young kids, especially, have a natural interest in giving, and that if they see you do it, they'll follow along unbidden.

OK, that makes sense. Bazelon also notes peer pressure in her older son's pursuit to save the elephant. Once his classmates were on board they each made items to sell. And it was fun. If he had to act alone, he might have felt less motivated -- or completely overwhelmed.

Both her sons' philanthropic acts have come through organized efforts. But I'd like some other ideas. Do you teach your young kids about giving? If so, how? And for what? What about the kids who don't want to share their money. Do you force them?

Am I really going to have to take a class?



+ DIGG + STUMBLE

Comments

 

Jennifer said:

Before our son was born, my husband and I decided that we would encourage him to embrace the concept of charitable giving.  Instead of making him give away his toys or his allowance, we have opted to set aside all of our loose change over the course of the year and couple it with any money that we (or other family members) put into our son's tzedakah box (a container used by Jews to set aside money  -- often in honor of a special occasion or event -- that will be used for charitable causes).  At Chanukah, when our son is receiving so many gifts, he will also be able to give by donating the money that has been set aside for this purpose.  As he is currently too young to grasp the concept (he was only 5 months old this past Chanukah), we made donations on his behalf.  Half of the money was used for an outright donation, the other half was used to make a microloan to an entrepreneur in a developing country (through Kiva.org).  As he gets older, he will be able to direct where his funds go.  Hopefully, he will continue to allocate a portion of his donations to microloan programs, as this money is paid back and will increase his ability to give each year.  We are keeping a scrapbook of our annual Chanukah celebrations that incorporates the details of his charitable contributions.  We sincerely hope that, through his own giving and the example we try to set, we are able to encourage him to embrace philanthropy and find ways to give back throughout the year and throughout his life.

February 12, 2008 2:28 PM

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