Once in a while, something clever comes out of just about everybody’s mouth. Even mine.
A few weeks ago, I was driving my daughter somewhere when the subject of money came up. As most seven-year-olds are, she is eager to please (most of the time), and she knows that I spend a lot of time reading and learning about money and investments. I don’t remember exactly how the conversation went up to that point, but she said, with all the gravity she could muster, “We have to learn about money because it’s so important.”
Without thinking, I answered with what I think was some pretty good fatherly advice: “The reason we have to learn about money is because it is so unimportant.”
Kids and money is something I have been thinking a lot about recently, what with two youngsters (do people still use that word?) at home. Here is an account of my daughter’s first money decision.
Any parent will tell you that watching your child stumble and fall and make mistakes is one of the most difficult parts of being a parent. As a caregiver and protector, you feel it’s your job to step in and, well, give care, and protect. It was with the knowledge that her momentary exuberance might lead my young daughter to make decisions she may come to later regret that we set out for some local garage sales this past Saturday.
It’s no secret how expensive it is to raise kids. It is also no secret that as a society, we are not as active or fit as we used to be. The Children’s Fitness Tax Credit attempts to address both of these problems.