How to Answer Kids' Tough Holiday Money Questions

Questions about money and gifts can be difficult. Here’s how to handle three scenarios.

By SHARE

[See Earn an Extra $500 for the Holidays.]

Taking volunteerism a step further, Morrison points to teachers who have helped students raise money for charity instead of holding a coat drive or spending an afternoon at a soup kitchen. For instance, one elementary school class in an economically challenged area made lunches, sold them to teachers, and gave the proceeds to charity. She adds that even very young children can grasp the concept of helping others. "I think as soon as you start teaching children how to share toys, they're already giving up something they really want for somebody to be happy," she says. "It's helping somebody else instead of doing for yourself."

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