Raising Savvy Entrepreneurs

Being mompreneurs means balancing our time between motherhood and entrepreneurship, among other things. If we are entrepreneurs at home, then we are fortunate to be able teach our children how to be leaders and savvy business people by modeling.

Though modeling can be one of the best methods of teaching, children oftentimes learn lasting lessons through hands-on activities. Whether you are an entrepreneur at home or outside the home, you can use this hands-on activity.

A great lesson for children is the right use of money. At an early age, children can learn to solve not only imaginary money problems, but also how to keep an accurate account of their own income and expenditures. Children can better learn the right use of money by using it.

Whether you give them an allowance or they work for their earnings, let them learn to properly choose and purchase their own clothing, books, toys, and other necessities. If possible, open a joint checking account with them so they can also learn to track their spending and to accurately balance their account.

By keeping an account of their income and expenses, they will learn, better than they could learn in any other way, the value and the proper use of money. What better lesson could be taught in the school of savvy entrepreneurship!