Kids donating to charity
You can encourage your kids to get into the habit of giving to charity at a young age. Donating to others will help them to understand that everyone's financial circumstances are different. Some families may have lots of money, others may have little money, and some may have none at all.
Giving to others will help your kids appreciate what they have - which is an important financial lesson for them to learn.
There are lots of different ways children can learn to help others - and it doesn't always have to be about money. They can donate their time to a cause - like raising money for victims of a summer cyclone. Or, they can give the clothes or toys that they've out-grown to a local charity. If they do set aside some of their pocket money to give to charity that's great. While some kids may want to give all their money away it's probably best they keep some for themselves.
Ask your child who they'd like to help and then find a charity organisation that's working in that field.
Get your kids to regularly put the money in a clear container that's kept in a special place at home. That way they can see the coins pile up. At the end of the year, count up the money and send it - with a note from your kids - to their selected charity.
TIP!Make it a family affair. Every member of the family can help to support your selected charity throughout the year with fundraising or by donating time.
- Find fundraising ideas to support your favourite charity.
- Learn how you can be a money role model for your kids.
- How to teach kids about money