{"id":69444,"date":"2020-12-02T09:42:01","date_gmt":"2020-12-02T14:42:01","guid":{"rendered":"https:\/\/brocku.ca\/brock-news\/?p=69444"},"modified":"2024-09-01T09:55:01","modified_gmt":"2024-09-01T13:55:01","slug":"mahy-and-mazachowsky-how-to-teach-saving-and-spending-to-kids-as-young-as-3-years-old","status":"publish","type":"post","link":"https:\/\/brocku.ca\/brock-news\/2020\/12\/mahy-and-mazachowsky-how-to-teach-saving-and-spending-to-kids-as-young-as-3-years-old\/","title":{"rendered":"MAHY and MAZACHOWSKY: How to teach saving and spending to kids as young as 3 years old"},"content":{"rendered":"

Caitlin Mahy, Associate Professor of Psychology at Brock University, and Tessa Mazachowsky, PhD student in Psychology at Brock University, had a piece recently published in The Conversation<\/a><\/em> about how young children learn about saving money.<\/p>\n

They write:<\/p>\n

\u201cPlanning for the holidays will look a different this year in the face of COVID-19. Beyond\u00a0gathering restrictions, many families have come up\u00a0against economic hardship\u00a0and other stressors related to the pandemic.\u00a0<\/em><\/p>\n

With the holiday season fast approaching, budgeting and finances might be on the mind of many parents. Now might be a perfect time to involve children in discussions about saving and encourage them to practise making their own saving decisions.<\/em><\/p>\n

Consider the future<\/em><\/p>\n

The act of choosing to save or spend money often involves considering a future point in time. For example, a child who wants to spend their allowance on a new toy might think: \u201cIf I buy this toy, I can bring it to school tomorrow to show my friend.\u201d But another idea might be: \u201cIf I spend all my money today, I won\u2019t be able to buy a treat at the park tomorrow.\u201d<\/em><\/p>\n

The idea that our choices are influenced by a sense of connection between our present- and future-self is called the\u00a0future self-continuity hypothesis. By this account, people who feel disconnected to their imagined future self are less motivated to save for their future.\u201d<\/em><\/p>\n

Continue reading the full article here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Caitlin Mahy, Associate Professor of Psychology at Brock University, and Tessa Mazachowsky, PhD student in Psychology at Brock University, had a piece recently published in The Conversation about how young children learn about saving money.<\/p>\n","protected":false},"author":1,"featured_media":45641,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[7,188,55,6,38],"tags":[3437,546,522,29,9762,5512],"_links":{"self":[{"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/posts\/69444"}],"collection":[{"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/comments?post=69444"}],"version-history":[{"count":1,"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/posts\/69444\/revisions"}],"predecessor-version":[{"id":69447,"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/posts\/69444\/revisions\/69447"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/media\/45641"}],"wp:attachment":[{"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/media?parent=69444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/categories?post=69444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/tags?post=69444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}