{"id":1344,"date":"2011-11-03T14:39:51","date_gmt":"2011-11-03T14:39:51","guid":{"rendered":"http:\/\/kidnexions.com\/blog\/?p=1344"},"modified":"2011-11-03T14:40:52","modified_gmt":"2011-11-03T14:40:52","slug":"teaching-kids-money-embracing-mistakes","status":"publish","type":"post","link":"https:\/\/www.familymathnight.com\/blog\/?p=1344","title":{"rendered":"Teaching Kids Money: Embracing Mistakes"},"content":{"rendered":"<p>Nobody likes to make mistakes. They&#8217;re annoying, frustrating, and sometimes even embarrassing.\u00a0 And they often make us feel like we&#8217;ve done something wrong.\u00a0 Unless we change the way we think about them.\u00a0 And when we do, we can discover that mistakes are one of the most powerful teaching tools we have.<\/p>\n<p>Consider your child being in charge of making a class poster for the school play.\u00a0 He brings home the poster board and stencils and begins to work.\u00a0 \u201cDo you want some help?\u201d you ask.\u00a0 \u201cNo,\u201d he says and without another thought picks up the first letter and stencils it with colored marker on the board.\u00a0 Then he does the next letter, then the next.\u00a0 Pretty soon he realizes that he&#8217;s going to run out of room on the board because he didn&#8217;t first plan out the lettering.\u00a0 Frustrated and annoyed, he throws the pens on the table.<\/p>\n<p>You, on the other hand, feel a lesson coming on.\u00a0 You know that this is a great opportunity to teach him some life lessons in a \u201ccontrolled\u201d environment.\u00a0 In a way that doesn&#8217;t make him feel belittled and \u201cstupid\u201d you help him come up with ways to solve the poster problem.\u00a0 You remind him that making mistakes is not a bad thing as long as you&#8217;re willing to learn from the mistakes.<\/p>\n<p>Had you insisted he take your help from the beginning, he may have felt like he wasn&#8217;t capable of figuring things out on his own.\u00a0 And you would have robbed him of the opportunity to learn how to deal with problems in a constructive way.\u00a0 By not forcing your help on him, you showed him that you respected his decision to make the right choice.\u00a0 Mistake or no mistake, this builds trust.\u00a0 And trust builds confidence&#8230;something our kids will need to manage effectively as adults.<\/p>\n<p>The money connection:\u00a0 Allowing your kids to make money mistakes while they&#8217;re still under your tutelage is important. Better now when the mistakes are cheaper.\u00a0 Although you may find it hard to let your child spend money on something you just know is a poor choice, it&#8217;s important you let them experience the consequences.\u00a0 The key, again, is to have the conversation.\u00a0 <em>Why did you make that choice? Was it a good one? How could you do it differently in the future?\u00a0 <\/em>Kids don&#8217;t necessarily know how to work through problems unless we teach them.\u00a0 And teaching them how to effectively manage money by using the power of mistakes is a priceless opportunity!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nobody likes to make mistakes. They&#8217;re annoying, frustrating, and sometimes even embarrassing.\u00a0 And they often make us feel like we&#8217;ve done something wrong.\u00a0 Unless we change the way we think about them.\u00a0 And when we do, we can discover that mistakes are one of the most powerful teaching tools we have. Consider your child being in charge of making a class poster for the school play.\u00a0 He brings home the poster board and stencils and begins to work.\u00a0 \u201cDo you&#8230;<\/p>\n<p class=\"read-more\"><a class=\"btn btn-default\" href=\"https:\/\/www.familymathnight.com\/blog\/?p=1344\"> Read More<span class=\"screen-reader-text\">  Read More<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3,50,16,17],"tags":[21,22,23,24,26,29,40,228,33],"class_list":["post-1344","post","type-post","status-publish","format-standard","hentry","category-allowance","category-kids-and-money-2","category-teachable-moments","category-teaching-kids-financial-literacy","tag-karyn-hodgens","tag-kidnexions","tag-kids-allowance","tag-kids-and-finacial-literacy","tag-kids-and-money","tag-kids-money-management","tag-parenting","tag-teaching-kids-financial-literacy","tag-teaching-kids-money-management"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Teaching Kids Money: Embracing Mistakes - Karyn&#039;s Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.familymathnight.com\/blog\/?p=1344\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Teaching Kids Money: Embracing Mistakes - Karyn&#039;s Blog\" \/>\n<meta property=\"og:description\" content=\"Nobody likes to make mistakes. They&#8217;re annoying, frustrating, and sometimes even embarrassing.\u00a0 And they often make us feel like we&#8217;ve done something wrong.\u00a0 Unless we change the way we think about them.\u00a0 And when we do, we can discover that mistakes are one of the most powerful teaching tools we have. Consider your child being in charge of making a class poster for the school play.\u00a0 He brings home the poster board and stencils and begins to work.\u00a0 \u201cDo you... 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