Teaching your children about money is more than preparing them for employment or teaching them to save some of the money they earn. It includes helping them understand the positive and negative meanings of money. For example, children need to learn that while it is nice to show someone love by buying a gift, it is just as important to share their self earned money with strangers who may need a small push to get back on their feet.
Participating in charity will also open their eyes on what kind of struggle they might get into if they don’t manage their money right.
Starting with small local projects, these kids went on to form their own charities and organizations on a national and even international scale. Each inspiring story proves that age is no barrier when it comes to kids and money management lessons
1. THE SCOTT SISTERS – SOLE TO SOUL
HOW IT STARTED: Sisters Vienna, 13, Hayleigh, 13, and Sarah, 10 just couldn’t sit back and do nothing when they heard that a fire at a boy’s school near Nairobi in Kenya left a community in ruin. After seeing pictures of hundreds of children their age walking around barefoot, the three sisters decided to raise money to provide over 1,200 pairs of shoes.
HOW IT’S GROWN: As part of the Sole to Soul project, the young girls went door-to-door to collect second hand shoes in good condition. They also ran stalls in public locations in their hometown of Nashua, New Hampshire and ended up raising $33,000 to buy new shoes for some 1,500 kids.
2. HANNAH TAYLOR – THE LADYBUG FOUNDATION
HOW IT STARTED: At just 5 years old Hannah Taylor saw a homeless man eating out of a garbage can and decided to take action. By the age of 8, she founded the Ladybug Foundation – a charity that helps homeless people find dignity and refuge.
HOW IT’S GROWN: The organization has raised over $2 million for projects across Canada providing shelter, food and safety for homeless people. Now a teenager, Hannah spends most of her time speaking at schools and events about the plight of homeless people.
3. AUSTIN GUTWEIN – HOOPS OF HOPE
HOW IT STARTED: Austin Gutwein was 9 when he watched a video that showed children who had lost their parents to AIDS. Realizing he could make a difference, he decided to shoot basketball free throws on World AIDS Day, 2004 to raise awareness. With the help of friends and family, Austin collected almost $3,000 to provide hope, food, clothing and shelter to 8 orphaned children.
HOW IT’S GROWN: Hoops of Hope is now the biggest basketball shoot-a-thon in the world and Austin has managed to raise over $3 million for children left behind by AIDS. Thousands of participants and teams from around the world now take part in the event that helps children who are in need.