There is no dignity quite so impressive, and no independence quite so important, as living within your means.
-Calvin Coolidge
The 30th President of the United States was right to hold living within ones means in such high estate, and parents in the Draper area should start teaching their children the value and responsibility of money early in life.
A good way to introduce the concept of the budget is to help your child to only spend 70% of what they earn or are given in allowance. Break up the other 30% this way: 20% for savings and 10% for charity. You can give your child different jars to keep the money in different “accounts”, or open up their own real savings account at any Sandy, Draper, or West Jordan bank or credit union, provided they are old enough.
Draper parents should take time to discuss savings with their child each time they divide their earnings. You can talk about reasons to save, such as waiting to buy an expensive toy or preparing for college.
Your child can be very creative with the 10% of the money meant for charity. Allow them to make the choice of where to give this amount and you will see them gaining a better sense of awareness of people who are in need (or, as the case often is for many Salt Lake City children, animals who are in need).
Even at a very young age, kids can begin to understand that money is a responsibility and better enjoyed when it is not all spent immediately.
My name is Melanie Green and I am passionate about kids health in Sandy. I want to help Salt Lake City area parents to raise happy, healthy kids who can go on to enjoy living within their means.
I own a successful Draper home based business that sells community. If you would like to learn more, please contact me at (801) 272-5355. We can discuss one of the many children’s health issues that is important to me, such as children’s nutrition, childhood obesity, and immunizations.
Contact me today!
supporting parent Melanie Green
Draper, Utah 84043
(801) 272-5355
Draper
support meetings
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