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Sharing is caring

Sharing is caring

A look at the importance of sharing when teaching your kids financial literacy.

By the time our children start school, they are usually able to share both their ideas and their belongings. So the years throughout primary school are a great time to demonstrate the social and personal benefits of sharing time and money as well.

Learning through observation

A great way to help our kids understand the benefits of sharing is for them to see the results with their own eyes. So if donating money to an animal shelter, for example, take them to the shelter and show them around. If they're donating money to a charity working overseas, jump online and look through the initiatives that the money helps to pay for.

Other great opportunities to demonstrate sharing are the various toy and food drives held at Christmas time. Take your child to the shops and encourage them to spend their own pocket money on gifts and food to donate. 


As kids get older they enjoy choosing the projects to donate their time and money to. By their tweens, many kids know what causes spark their natural interest. So encourage them to develop fundraising initiatives – it can benefit both the cause and your child’s self-esteem.

A cake stall, for example, will require time and effort in baking, in making posters to publicise the stall and in manning the stall. Your child’s sense of achievement when it is accomplished will be worth their effort.

Teaching by example

Keep in mind that children often learn best by watching their parents’ behaviour, so as parents it’s important to teach by example. Whether it is donating money to a charity, giving your time to a local community group or helping out at the school tuckshop, there are plenty of ways to demonstrate a sharing attitude. If you can show that sharing and caring is a natural part of your own life, chances are that it will become a natural part of your child’s life as well.

For more articles about teaching kids financial literacy, visit the Beanstalk

Veronica Howarth
Veronica Howarth

Head of School Banking and Youth

Veronica is responsible for Youth at the Commonwealth Bank. With over 20 years in the business, her passion is leadership, coaching and business transformation. She understands and appreciates the value of early financial management skills.