By Petra-Ann Brown, Brown Financial Solutions
“Mom, I attract money!”: Teaching Kids a Healthy Money Mindset
As we were leaving for church last Sunday, my son found a $50 bill rolled up in the grass on our lawn. At first, he thought it was a $1 bill, then thought it was $5 bill until he unrolled it as saw $50 staring back at him.
Of course, he was beyond excited.
“Mom, can you believe it?” he asked with wide eyes.
I smiled and said, “No, I can’t’!” but what he said next made me pause and smile even bigger.
“Mom, I just attract money!”
A Healthy Relationship with Money Starts Early
From what I’ve observed so far, my son has a healthy relationship with money.
Every Friday, when he gets paid for his chores, he follows a simple system:
- Save – he puts a portion into his savings that he doesn’t touch.
- Spend – He uses his spending money to buy things he enjoys, like video games for his Nintendo Switch.
- Share – he often surprises his brother with small gifts or offers to contribute when we’re out at a restaurant.
What warms my heart most is that he’s learning to enjoy his money while saving for the future and giving to others. He’s not holding on to money so tightly that he’s afraid to spend it, nor is he spending carelessly without thought.
Why He Says He Attracts Money
And maybe…just maybe…he’s onto something.
My son finds money all the time.
- Pennies, nickels, quarters – straight into his piggle bank
- Dollar bills – split between savings, spending, and sharing.
- And now…a $50 bill!
He knows the value of money and understands that he has to work for it. he clean his room, take out the trash, vacuums the house, and helps clean the bathroom with his brother.
Of course, I still handle the cleaning that involves chemicals, but he knows if he doesn’t do what he’ supposed to do, he doesn’t get paid. And I have no problem holding on to my money when tasks aren’t done!
Teaching Financial Responsibility: Age-Appropriate Lessons
Yes, I know some might say, “Well, he doesn’t have real bills or responsibilities yet, so it’s easier for him.”
But I disagree. Responsibility is age appropriate.
- He’s already learning the value of work and earning money.
- He’s saving for a big goal – a PlayStation 5 that I told him I wasn’t buying.
- He’s building discipline and money habits that will serve him for life.
These are the same habits many adults struggle with today because they weren’t taught these principles early on.
What’s Your Relationship with Money?
Now I’ll ask you:
What’s your relationship with money?
- Do you hold on too tightly, afraid to spend even on things that bring you joy?
- Do you spend too freely, leaving nothing for emergencies or future goals?
- Do you give it all away, sometimes to your own detriment?
And here’s the biggest question:
Have you ever wondered WHY you respond to money the way you do?
April is Financial Literacy Month: Time to Reflect and Take Action
April is Financial Literacy Month, the perfect time to reflect on your money mindset and start making changes.
- Educate Yourself: Read books on financial literacy.
- Explore Resources: Check out blogs like the one on my website at www.brownfinancialsolutions.com
- Listen and Learn: Tune into podcast like Island Money 365 for insightful financial conversations.
- Invest in a Financial Coach: Get personalized guidance to help you navigate your money journey.
For Growth to Happen, You Must Be Willing to Change
- Financial growth doesn’t happen by chance.
- It happens when you decide to take control.
- It happens when you educate yourself and make better decisions.
- It happens when you shift your mindset from scarcity to abundance.
So, I’ll leave you with the question:
What steps are you taking today to improve your relationship with money?
As we were leaving for church my son found a $ 50 bill in our lawn rolled up. I do not know where it came from or how it got there because we did not loose any money but he was excited of course because first he thought it was a dollar bill until he picked up and thought it was a $5 bill until he unrolled it and saw it was a $50 bill.
In his excitement he was like can you believe it. I said no I cannot. But what he said next on our ride to church made me smile. He said mom “I Just attract money” my response that is a good thing honey.From what I can see so far from my son he has a healthy relationship with money. When he get paid on Fridays from the choirs he does around the house. He put part to saving, spending and share. With his money he buys his video games for his Nintendo switch or something for his brother. I am grateful for this because he does not hold on tight to money choking the life out of it. he save and he does not touch his saving and he often offer to buy dinner when we are out and he wants us to go to a restaurant. The point he is enjoying is money while putting saving and not scared to share and give to others.
Now why he says he attract money – well he find a money a lot of time. From pennies to quarters to dollar and now fifty dollars bills. The coins he put in his piggy bank. And the dollars he save and spend and of course share with his brothers. He know the use of money. he understands he has to work for it
Well, you can say he does not have any bills or real responsibilities so he does not have the stresses an can spend more freely. I beg to differ. I think the responsibility is age appropriate. He cleans his room, take out the garbage and vacuum the entire house and clean his bathroom with his brother. Yes, I have to go in the bathroom and do the toilets has I do not have my boys handling chemicals. And he know if he does not do what he is suppost to do he will not get paid and I have no problem holding on to my money. not only that but has a long term goal he is saving up to buy a PlayStation 5 that I told him I was not buying .
What is your relationship with money. Do you hold on tight, spend too freely, give it all away to your own detriment. Have you wonder why you have the response you do. Is it healthy.
Let’s make an intentional effort to improve our relationship with money. to better manage our money and to use it build the life that we want for ourselves and our family. How do you do this? By educating yourself. Read book on financial literacy. Read blog such as the one my website at www.Brownfinancialsolutions.com or listen to podcast such as Island Money 365 or invest in a financial coach.
