Here’s an idea we received from one of our readers that we couldn’t resist passing along:
Just yesterday our kids took some money they had been saving for a few months and used it to buy an assortment of hats, gloves, and socks. My husband and I bought our own pile too. We handed out over 40 pairs of gloves, 40 hats and 40 socks to the homeless people standing outside. The kids had their own bags and got to individually hand them out. The worst part was that there were still more people we didn’t get to bless because we ran out, so we are thinking of doing it again.
We love this. Here’s why:
- Generosity. We love that the kids came up with this idea and the parents got behind it. How cool is this! The kids met a very real, social need in a practical way. They got first hand experience in helping someone whose life wasn’t as easy as theirs. We’d love to hear the conversations that occurred as they handed out the items. The recipients were blessed but not as much as these kids. What a valuable lesson about giving being more rewarding than receiving!
- Delayed gratification. The parents said the kids had been saving for a few months. Think about how this teaches your child money management according to their Money Personalities. For the Saver, this was a no brainer. For the Spender, there needed to be an intentional spending plan in place that included a saving component. For the Risk Taker, the fun was in the investment potential—how would this idea be received. For the Security Seeker, you can bet they took their money and found the best quality deal they could find for the money! For the Flyer, this project fed their need for relationship with their family and new friends.
- Parental buy in. Not through providing the money though. The kids used their money and then the parents did the same thing. The kids were the drivers behind this project. Imagine how encouraged and excited they were to have their parents jump into the project and provide more gifts for the homeless.
You can bet these kids will do this, or another similar idea, again. Encouraging generosity in our kids through practical ways is always a great idea.
Not sure what we mean when we talk about your kids’ Money Personalities? Check out our book, The 5 Money Conversations to Have With Your Kids at Every Age and Stage. You get 5 FREE Kids’ Money Personalities assessments with each book.
What are ways you encourage your kids’ generosity? Leave a comment below.