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Parent's Guide and Map to Money Talks with Kids, Question 2

by Team Sammy

Today's Question

Have a ONE or TWO-question money talk with kids today, January 3, 2024.

Today's question might be something like:

  • "If you were to save $500 this year, how would you do it?" (Insert your own number)

IF they respond, great. IF they don't respond, great. You have planted a seed.

NOTE: The image at the top of the blog comes from our read-and-color story activity book, Sammy's Big Dream! Take a peek at this unique interactive learning resource that builds children's reading, writing, money, and critical thinking skills in Sammy Rabbit's Money School!

Build the Conversation With These 4 Questions

Today's question could lead to a bigger discussion. Here are four follow-up questions a parent might ask their child:

  1. What strategies do you have in mind to start saving money?

    Encourage your child to think and plan.

    Invite your child to consider specific actions they might take to achieve the stated objective.

  2. Are there any additional ways you could earn money to boost your savings?

    Challenge your child to consider as many potential additional sources of income or opportunities.

  3. Are there any specific things or activities you're willing to cut back on to save money?

    Have your child think about saving money from a second perspective - being a smart spender and savvy consumer.

  4. Have you or would you be willing to consider setting aside a portion of any gifts you receive during the year?

    This question introduces a child to other potential sources of income that can contribute to their savings goal and that not all income is earned.

Q1 - January 2, 2024

"Have you set a savings goal for 2024?" (NOTE: LinkedIn Post)

Sammy Rabbit's global financial literacy network shared these additional questions that parents worldwide may want to ask their children to kickstart meaningful conversations about money.

Sharita M. Humphrey, CFEI, Houston, Texas, suggests:

  • Do you have a budget?

Karen Holland, founder, GiftingSense suggests:

  • What's the full cost of going to the movies?

Your Suggestions

We value your input! Join us in sparking conversations about money among kids, families, and communities, fostering the growth of personal finance knowledge and skills. Whether you're starting or continuing, today is a Sammyriffic day to dive in and HOP the TALK AHEAD!

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