Saturday, February 20, 2016

Let Your Moral Money Compass Be Your Kid's Guide

Today’s fantastic family finance article is:

Moral Money Compass

Honesty is always the best policy, and money matters are no exception.

If you want your kids to embrace that notion, you’ll need to show the way.

The next time you stumble into a financial windfall due to an error on a receipt or a bill, discuss it with your kids. What would they do? Then, include them in the process of doing the right thing. Yep, that means correcting the error and returning the funds to the rightful owner. Sure, the extra dollars would be a nice little bonus, but the good vibe from doing the right thing is priceless. Your kids need to see that.

If they do, their moral compasses are likely to line up with yours in the future.

That’s what Laura Anderson discovered with her son. She pointed her compass true north, and her son followed. Read the story here.

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