How important is money?

United States
June 6, 2007 2:01pm CST
Why do we tell our kids that money isn't important? When it is clear that without money we wouldn't have a good quality of life. The truth is money is very important and kids need to know the truth because once they become an adult they will be in big trouble. We need to start teaching kids about money now. Some adults don't even know how to manage money and if we don't tell the kids the truth the cycle will contiue. How important is money to you?
1 person likes this
4 responses
@toe_ster (771)
• United States
6 Jun 07
Money is important in a sense that we need it for survival. But other than that it is not everything. That should be taught along side the importance of money. Money is important to provide but it doesn't make you have a better life. You can be the richest man in the world and be unhappy with no family or love. They should be taught the value in what it can provide but that we should not get lost in it. I like money in my life. I do not have any, but I want it, I want it to take my kids on vacation, and so i can put them through college, and not struggle topay bills. BUt then I remember that the little things in between these big things are more important. i could miss out on my kids childhood, by workingmyself to the bone trying to get money for vacations. I could be working and working to save for college and miss all their years in between. So there has to be a good balance. i don't rule out the importance and I do believe they should be taught the importance of necessity of money, but it should not make their world go round. Just my thoughts.
1 person likes this
@jmcafam (2891)
• United States
6 Jun 07
I like how you put it all.
@jmcafam (2891)
• United States
6 Jun 07
I think money is very important part of life and it is just fact. In order to survive these days you have to have it and know what to do with it. I think parents should talk to the kids about money. I know I do. My children know when we say no for the things they really want that we are not saying just to be mean but for the fact we don't have it to splurge. You don't want your children living way beyond their means and go in debt as they get older because you did not teach them about it.
@pallidyne (858)
• United States
6 Jun 07
There is a fine line here. We need to teach our children financial management without them becoming completely materialistic. To me money is a means, but I have had to learn some hard lessons in managing it, managing credit, and repairing that credit. But the free fun of visiting the parks, and riding a mountain bike (provided one has the bike) or otherwise going out and enjoying whats out there should not be overshadowed by materialism. Also enjoyment of what one does for a living is a piece. Deciding on a career that will pay the bills and you don't want to run from the building screaming while you do it is a level of satisfaction beyond money. With my skill and experience levels and talent I could be making double what I do now, but I'd be a stress case. Money needs to be presented as a means, but not the goal. Something important to be aware of, and managed, but not the most important thing in the world.
• India
6 Jun 07
Dude money is very important 2 me thats why i m here