Sharing the Importance of Giving | Parents Guide
Parents, we all know how hectic the holidays can be. From finding the perfect gifts to making travel plans, it’s easy to get caught up in the hustle and bustle of holiday season. As we prepare to gather around the dinner table and share what we’re thankful for, here’s a Parents’ Guide for talking to your teens about the importance of giving.
The financial foundation we build for our children can play a large role in the money habits they develop as adults. A cornerstone in this foundation is a healthy balance of spending, saving, and giving. While many of us focus largely on the components of spending and saving our money, how we approach giving is an equally vital key when it comes to learning financial responsibility.
Importance of Being Charitable
The holiday season is a great time of year to emphasize the importance of charitable giving with your teenager. As parents, we all want our kids to appreciate the gifts they receive during this time of year and understand the financial impact that holiday gift-giving has on our budgets. Taking a moment to talk with your teen on ways they can give to others not only makes a positive difference in the lives of others, but can also allow them to experience a deeper understanding of the role money plays during the holidays.
Giving Within Reason
While the act of charity is a valuable lesson in itself, teaching your teenager how to give responsibility is equally important. As you think about your teens’ relationship to money, you may discover they lean towards being more of a spender, or maybe they like to save and plan out their expenses. Some of us may observe our kids as selfless givers. Whichever your child relates, it’s important to explain how to give in ways that are responsible and mindful of their budgets. While there are many ways to give back that don’t require money, understanding how to budget for monetary donations and gift-giving is a vital lesson, so be sure to have a conversation with your teen about holiday spending and how it relates to their financial goals.
There’s no better time than the holidays to demonstrate to your teen the value of giving to loved ones and their community. Learning to balance the time they have to offer with the monetary considerations of donations and other gifts during the holiday season is a skill that will serve them well into adulthood.
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