Sesame Street has unveiled a program called “for me, for later” that teaches children about spending, saving and sharing. It was the subject of a New York Times article& called “Too Young for Finance? Think Again.” The article discusses that, until recently, financial education and literacy were not taught to young children. Several organizations are working to change that in an effort to teach the next generation about money.
I spent part of the evening watching the videos …(FYI, Cookie Monster is still impulsive). They address delaying gratification, making choices, earning, saving and donating in a way that is age appropriate. Starting a dialogue with your children earlier may help establish good spending and saving habits.