Money-Smart Kids

Money Constitution

As a family, identify your specific money values.

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Many of us have made financial mistakes in our lifetime. We know the fear, stress and anxiety that go hand-in-hand with money issues. As parents, it’s our responsibility to teach our children to be financially literate. Armed with a strong financial foundation, our children will be in a position to make better financial decisions.

Here are our challenges. A large U.S. bank performed a study recently showing 40 percent of parents with children under the age of 18 said their children felt “money was a right, not a responsibility.” Combine that with today’s economic malaise and you have a recipe for some very unhappy, frustrated and disillusioned children.

The path to financial literacy is paved in personal financial values. Maybe you’ve never articulated them — maybe not even to yourself or your spouse. However, if we are to raise financially successful children we will need to share our values, in order to help them make sound financial decisions.

Lenox Money-Smart Kids; is a free resource dedicated to helping parents raise financially literate children. The only way to teach children to become financially literate is through regular, small, digestible bites of tasty financial “snacks”. “Snacks” from books, web sites, your local bank, even the library. The Money-Smart Kids lesson plans will provide a forum to help you help them grow. After all, every parent strives to provide the best education for their children.

Get started by filling out your family’s Money Constitution. It will help you create a consensus on the messages you want to send and your family’s financial values.