Michelle King: 'MormonTimes TV': Teaching children about money

Published: Wednesday, Feb. 20 2013 5:00 a.m. MST

This Sunday, Mormon TV will include a segment on teaching children financial responsibility.

Kristin Murphy, Deseret News

As parents, it’s sometimes difficult to know which method to use when teaching children about money. I think my husband and I tried them all at various times!

I remember having our four kids do their daily/weekly chores with no pay, giving the explanation that we are all members of a family and work together for the good of the group, not expecting monetary rewards. We also tried allowances and weekly pay days, plus charts and stickers. There was even a time when we handed the kids the exact amount of cash we’d budgeted for each one’s needs and had them buy their own clothes and other essentials. The thinking was that they could learn to shop brands and sales and carefully decide how to allocate their funds. The children also knew they were required to save a certain amount to help pay for college and missions, meaning outside jobs and savings accounts.

Yes — I think we tested just about every method out there.

If you’re in need of ideas to help your children or grandchildren, parenting expert Richard Eyre will be on “Mormon Times TV” this Sunday with great suggestions for educating young people about money matters — a topic that can have spiritual implications as well.

The Mormon Tabernacle Choir has a lot going on right now — a new CD of children’s songs, a new music video, a YouTube channel and an upcoming summer tour. Choir director Mack Wilberg and new president, Ron Jarrett, will both be here with the details.

Also on our Feb. 24 show we'll review details about the new Missionary Training Center leaders of The Church of Jesus Christ of Latter-day Saints have announced for Mexico City.

Plus you’ll see how human-powered drills are bringing much-needed water to people in Africa. It all began with one man’s dream.

And we’ll take you inside the happy home of a family with 10 children — seven of whom are adopted and have special needs.

The “Mormon Times TV" television show airs weekly on Sunday mornings at 10 a.m. on KSL TV/Channel 5 following the Mormon Tabernacle Choir broadcast. It can also be viewed online at mormontimestv.ksl.com, where you can see past episodes. You can check us out on YouTube at youtube.com/mormontimes, where it’s easier than ever to view and share inspiring stories from the show. And we invite you to follow us on Facebook at facebook.com/MormonTimesTV and join in the conversation.

We’re always looking for uplifting, inspirational stories that involve people of the LDS faith. If you have some ideas you’d like to share with us, drop me an email at mking@ksl.com.

Michelle King is the host of "Mormon Times TV," which airs Sundays at 10 a.m. on KSL. Email: mking@ksl.com

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