What Our Kids Have to Teach Us About Money

Last week, I wrote a little piece about using college savings funds as an opportunity to teach our children about the two economies in our midst. In this piece I will share a story about what our children have to teach us. Like many kids, my daughter Kaylin had a small savings account from the time she could walk. When she started getting an allowance, she divided her weekly allotment between that which she’d spend, that which she’d share with others, and that which she’d save.

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Metanoia Story: Ed Lucas

If, in retrospect, a person’s first thirty years aren’t deemed a waste, they must then be the best teacher. It was about that long that I lived under the influence of the wrong stuff. The appeal for life-as-I-knew-it was great, with A) all the lures of bliss through consumption, and B) the promise that technology was ever on the verge of saving us from whatever problems we either have been plagued with for eons, or those just discovered we had (some of which were results of item A). The household my father provided was stable in the ways he intended, and he often reminded me of how little upheaval and instability there was in our lives. It was quite a conservative and sheltered setting where the world was “out there” and we were to be glad that it did not intrude on our lives “in here.” No one ever really taught me to consider whether my daily life had anything to do with the plight of others.

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