Nurturing Charitable Values in Children

The importance of teaching charitable values to children cannot be overstated. As we emphasized in a previous blog, starting early is crucial in helping them develop empathy, financial literacy, and a sense of community responsibility. In this follow-up, we’ll expand on these ideas and introduce some new strategies to further instill these values in the next generation.

Leading by Example:

Show and Tell: Leading by example is not limited to just showing charitable acts; it also involves explaining the “why” behind these actions. For example, if you volunteer at a local animal shelter, talk to your child about the importance of caring for animals and how their efforts make a difference. Share stories of the positive impact your actions have had on individuals or communities. This not only reinforces the act of giving but also teaches the value of compassion and understanding the impact of one’s actions.

Gratitude Journals: Encourage your child to keep a gratitude journal. Each day, they can write down something they are thankful for and why. This practice not only fosters a sense of appreciation but also helps them recognize the good in their lives and the role of kindness in creating positive experiences.

Teaching Financial Values and Literacy:

Setting Goals: To reinforce financial literacy and charitable giving, help your child set savings goals. Encourage them to save a portion of their allowance for a specific charitable cause they care about. It could be a charity supporting education, animal welfare, or environmental conservation. Tracking their progress towards these goals will teach them discipline and the satisfaction of reaching targets.

Allowance With a Twist: Extend the concept of dividing allowance beyond just savings. You can introduce a third category, “investing,” where your child can use a portion of their allowance to support sustainable or ethical businesses. This instills a sense of responsible spending and makes them conscious consumers, reinforcing the idea that their choices can impact the world positively.

Exploring Various Ways to Give Back:

Skill-Based Volunteering: Encourage your child to identify their strengths and interests and find ways to apply them for the benefit of others. If they excel in a particular sport or hobby, they could volunteer to coach or teach other children. This allows them to recognize that they have unique talents to offer and that giving back can be a deeply fulfilling experience.

Family Philanthropy Project: Engage your child in choosing family philanthropic projects. Each year, as a family, select a cause or project to support. It could be cleaning up a local park, organizing a charity run, or funding a scholarship. Involving your child in the decision-making process empowers them to understand the value of collective action and the positive change it can bring.

Digital Giving: In today’s digital age, kids can easily connect with charitable organizations online. Encourage them to explore websites or apps where they can learn more about causes they care about and show them how a small contribution can make a big impact.

At The Humphreys Group, we believe that instilling charitable values in children is a lifelong journey. By continuing to emphasize the importance of empathy, financial responsibility, and community engagement, you’re not only shaping compassionate individuals but also creating a brighter future for our communities. If you have any questions or would like to discuss this topic further, please don’t hesitate to reach out to The Humphreys Group! We’d love to hear from you.

Diane Bourdo, CFP®
Diane Bourdo, CFP®

Diane Bourdo is the President of The Humphreys Group. Diane has dedicated her life’s work to helping women make smart financial decisions. For nearly 30 years, she has developed investment management and financial planning strategies that allow her clients to create lives that reflect their values. Diane was named an InvestmentNews 2020 Women to Watch and has been recognized in Forbes, SF Chronicle, NY Times and more for her work and writing.

Diane Bourdo, CFP®
Diane Bourdo, CFP®

Diane Bourdo is the President of The Humphreys Group. Diane has dedicated her life’s work to helping women make smart financial decisions. For nearly 30 years, she has developed investment management and financial planning strategies that allow her clients to create lives that reflect their values. Diane was named an InvestmentNews 2020 Women to Watch and has been recognized in Forbes, SF Chronicle, NY Times and more for her work and writing.

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