Company behind popular Money Habitudes cards encourages people to think about money with a list of reasons specific to the back-to-school season. Good conversations about money and finances happen when they are proactive and constructive. Assessing one’s habits and attitudes related to money in a fun, non-threatening manner can be an effective first step in handling larger issues.
Wilmington, NC, August 22, 2009 — LifeWise promotes making healthy financial decisions with its latest list of seasonal reasons to have a constructive conversation about money. Because money plays such a central role in our lives, people benefit by talking proactively about it instead of waiting until there is a critical need to discuss finances. And with every season come specific challenges and opportunities around money management, be it planning for summer vacation, battling the excesses of the holiday season, or shopping for back-to-school.”
The back-to-school season is exciting, but it can also be daunting when it comes to restocking wardrobes and lockers and making big purchases like computers. There are perhaps hundreds of little back-to-school decisions that people make about money, but if we understand how we relate to money, we’re better equipped to make healthier, balanced choices,” says Syble Solomon, president of LifeWise and creator of Money Habitudes™, the leading conversation-starter about people’s habits and attitudes about money.
Although analysts predict that back-to-school spending will be down 7.7 percent from 2008, the National Retail Federation estimates that the average family with students from Kindergarten through twelfth grade will still spend approximately $550 per child on school merchandise.
As opposed to other high-intensity spending periods, during back-to-school, children are very involved and exposed to their parents’ money decisions. As a result, these few weeks offer a great opportunity to model good money behavior; however, a trip to the mall to pick up shirts or notebooks may also highlight parents’ troublesome money habits.
Use the following questions and topics as you consider what will influence your buying decisions when you shop with your kids and what messages you will give them:
Four more quick tips to help children learn good money messages during back-to-school shopping:
Back-to-school shopping is a time of unlimited teachable moments to help your children develop a healthy relationship with money and important life skills. Use the opportunity to have conversations that help them learn to respect money, use it wisely and make good choices.
Money Habitudes™ is the leading constructive conversation-starter to get people thinking and talking about money and the issues related to it in a fun, engaging and non-threatening way. Appropriate for individuals, couples and groups, Money Habitudes is a training and learning tool that works like a card game and is available for adults, young adults, teens and Spanish speakers. It is being used by thousands of people across the U.S. and in 40 other countries. In addition, professionals such as therapists, counselors, educators and financial advisors use Money Habitudes. The cards are employed in educational, faith-based, community, military and professional settings as a stand-alone activity or in conjunction with comprehensive financial planning, career development, relationship-building, conflict resolution, financial literacy, marriage education and life-skills programs. Solomon, the creator of Money Habitudes, is a popular speaker. She is the recipient of the 2009 Smart Marriages Impact Award for the cards’ role in promoting healthy relationships. She was also named Educator of the Year (2006) by the Association of Financial Planning and Counseling Education.