Teaching children money management includes teaching them about your values. Charitable giving is as important to a sound money management plan as is saving and regular bill paying. Help your kids develop a charitable giving habit while they are young.
Step 1
Model the behavior you want your kids to emulate. Children learn as much from observing our actions as they do from listening to our words.
Step 2
Talk to your child about what charitable giving is, what constitutes a charity and how giving benefits us as well as and others.
Step 3
Identify potential local charities or international charities that have meaning for him. The more meaningful the giving, the more likely your kid is to continue the habit. Older children can research the appropriateness of various charities, while younger children will need your guidance.
Step 4
Determine together an amount she can give. Christian and Jewish faiths recommend a tithe of 10 percent. In determining the amount to give, consider your child's sources of income and how that income is spent, whether it is discretionary spending or spent for necessities, for example. Consider how extra money, such birthday gifts, will be handled.
Step 5
Begin giving according to a regular schedule. Provide positive reinforcement for regular charitable giving. Younger children may need to see the process of giving, for example, placing the money in a collection box, while older children may be content to mail a check or contribute online.
Step 6
Consider ways he can give of his time and talents as well as money.
Things You'll Need
- Information about potential charities
