Your Children and Money

Economic times are hard right now and all family members are affected. If you have faced a layoff, become separated, or have had your hours reduced at work, that will mean less money for the entire family to live on for a month.

This webpage is designed to give people help explaining these financial situations to all members of the family: preschoolers, young children, and teens.

In June of 2011 the Reed and Carolee Walker Fund of the Oregon Community Foundation awarded a grant to CCCS to provide parents with the necessary information and tools to discuss the financial situation with their children. This
web page is one of the tools that was developed as a result of the funding.

Talking to Kids about Financial News
From Liz Perle

Have a good age-appropriate discussion
Your kids won’t be able to turn on the TV or a computer without seeing the turbulence in our economy.  As parents, we have a choice:  we can talk about what’s going on with our kids or we can let them make sense of it on their own.  The good news is that we don’t have to have a degree in economics to have the discussion.  Here are some tips (More.)

Talking to Kids about the Economy
From the American Academy of Pediatrics

Raising Children can be very difficult when you have concerns about not having enough money to take care of your family.  You may become anxious, depressed or develop other emotional problems.  Often this makes it even more difficult for parents and other caregivers to take care of their own health and their children’s health.
The American Academy of Pediatrics cares about you and your family’s health and well-being and has written the following tips to help you cope with life during tough economic times. (More)

How to talk to your preschooler about a layoff?

Don’t put it off. 
As soon as you’ve absorbed the news enough to be calm and have a sense of how it’s going to affect your family, talk to your child.  “It’s a danger for parents to assume that kids aren’t paying attention,” says Judith Myers-Walls, a professor of child development and family studies at Purdue University. (to read more)

Parents of young children might find this activity book helpful in teaching their kids about money. (Take a look at it before you print it. It is 24 pages long.) 

Talking to Young Kids about the Financial Crisis.

Last week I called my son, the college sophomore, and asked if the financial crisis was topic A in his economics class.  “Not really,” said Peter.  “We have a test coming up so we’re covering the material in class.”

Aargh!  With all due respect to the diligence of Peter’s teacher, it seems to me that he’s passing up a prime teachable moment – certainly for high-school and college students – to discuss how we got into the current predicament and how we might get out of it. (More)

A Parent's Guide to Social Networking Websites
You’ve probably heard the names –,, These are some of the top social networking websites, that have become an online craze for teens and for many adults. You’ve probably also heard some stories about how pedophiles are surfing these pages for their next targets, or how teens are having their identities stolen after posting too much information online. The good news is that young people can protect themselves and their personal information easily, if they know how. (Find more here.)

Talking to teens about responsibility can be a tough job. We discovered these contracts that might work to help define expectations for both the teen and the adult.

Contract for Car Ownership
Basic Clothing Contract
Global Budget Agreement
Safe Driving Contract

College Students should read this article: Five Smart Banking Tips for the College Student.
Whether it's done by slapping a bank's logo on your student ID card or by other means, colleges have many ways to push their students toward the school's preferred financial institution.  
However, while the bank your college endorses may be convenient, experts say you're better off thinking about what you really want from a banking service before you sign your name on the dotted line. 
"Regardless of who your college chooses, you should exercise your right to have [your financial aid] transferred to your own bank account and choose the best one for you," says Mark Kantrowitz, publisher of and

Protecting Your Kids
Here are some how-to sources on Children's Identity Theft:

Source: McClatchy Newspaper Research

For a list of local community resources and websites for teaching your kids about money, click here.  

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