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How to teach kids that “some kids just have more money, and no it’s not fair”

It’s something that kids like to say a lot. But how do you teach children that life actually isn’t fair? How do you explain that you can’t go skiing this winter like Jonny and his family? Or try to explain why you shouldn't pick on Tracey because her trainers are really old?

When teaching your kids about money, the subject of how much they have compared to their peers is a tricky one, but one that inevitably they need to understand.

One ingenious tactic used by a teacher to illustrate this tricky topic, is using Smarties. She tells 'The Guardian' how she hands out an amount to each pupil so that some have 1 or 2 and some have 10 or more. She then asks her pupils to write about how they feel. In a group discussion after the exercise, she explains how this relates to real life. This is a great way to get kids thinking about others and what it feels like to be the one with less as well as the one with more.

Another great exercise is to get kids to think of all the things they can be grateful for. This will show them that, no maybe they don't have the mobile phone that their friend from school has, but they have a whole host of other amazing things to be grateful for.

Getting kids volunteering is a great way for them to understand the value of the money and belongings you and your family have. They will also get to see that no matter your own financial situation, there are always people that are in more need of help. To find opportunities for your son or daughter to volunteer in your area, take a look at vInspired.com.

Have you had this conversation with your children already? We'd love to hear from you. Either leave a comment below or head to our facebook page to tell us what you think.

goHenry, a unique earning, saving and spending solution. Perfect for parents with children from 8-18.

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