Dear Mrs. Mary Hunt: My name is Abby. I am 13-years old. So, my mom got your book, Raising Financially Confident Kids, and she is on Chapter 9 and she is wanting to do that—give your kids $100 and make them buy their clothes, shoes, etc., each month.
Well, I didn’t really like the idea. I actually thought it was stupid. But I didn’t say anything. So later on my mom went to bed so I picked up the book and read it. Then I knew that it wasn’t stupid. It was about teaching your kids how to handle money.
I don’t know how this will work. But I can at least try. My mom thinks you read her mind. HaHaHa!
I don’t know if you have ever had a kid my age write to you but you have inspired me and my family. Thank-Ya
Dear Abby: Yours is the first letter I have ever received a letter from a 13-year old.
I’m happy your mom is reading my book about how to raise financially confident kids.
Let me ask you a question: I’ll bet you’re a great swimmer, so how did you learn to do that?
Did your mom sit you in a chair and tell you all about water and how when you swim you have to hold your breath and kick your feet? Did she say that when you grow up you can go into a pool, but until then you just cannot be trusted in water?
I think I can hear you laughing because that is quite silly. But that’s the way a lot of parents teach their kids about money.
They just talk about it and describe what it will be like someday when they grow up and leave home. They hope their kids will figure out how to be good with money when they become adults.
And that doesn’t always work out so well.
The plan you and your mom are reading about in my book is a way to teach kids how to manage money while they are young and their parents are still right there to guide them.
Your mom will teach you how it all works. The most important thing you need to know is that she is going to give you something that is very precious—something that all kids want from their parents: Trust. She is going to trust you with money and allow you to make decisions with it.
There are rules you have to follow. And you will be getting a Responsibility List. On that list will be things your parents are not going to pay for anymore. If you want things on that list, then you will have to pay for them.
If you make foolish choices in the way you spend your money, you will have to live with the consequences. That’s the way real life works, Abby. Learning this when you are 13 is going to help you to become a responsible young lady.
The more your mom sees that she can trust you to make good decisions about saving and giving to others and exercising self-discipline with the way that you spend money, the more money she will trust you to manage.
I can tell from your letter that you are a smart girl. Managing money and learning how to create a budget are going to help you to become independent and successful in your life.
Your mom wants to trust you and this is going to give you the chance to prove to her that you are trustworthy
I can’t wait to hear how this is going for you, Abby. You can write to me anytime. I would love that!