Teaching Your Child Charity
Helping kids share their good fortune with others may be the most important money lesson of all
SEIZE THE MOMENT
You don't need to set aside a special time to talk about the importance and joy of giving. Opportunities pop up all the time. Passing a homeless person on the street, for example, might be a good occasion to talk about the fact that some families don't have enough money to pay for a place to live. Visiting an elderly or ailing relative might be the right moment to discuss how important it is to reach out to people in need. Says Spaide, "The idea isn't just to sensitize your child to some of the pain and suffering in the world, but to give her the great gift of thinking that she has the power to help make it better."