National Children’s Day is celebrated on different days in various countries across the world. International Children’s Day is on June 1, but today is something special — it’s Universal Children’s Day.
The holiday was first proclaimed in 1954 by the United Nations General Assembly. It was created in hopes that countries would create their own children’s day as a way to celebrate childhood and to encourage an understanding and mutual understanding between children.
One of the greatest things my parents did for me as a kid was teach me about saving and spending from a young age. They started a college fund for me when I was a baby. In elementary school, they gave me a three-part allowance: $1 for spending, $1 for saving and 50 cents for charity (at our temple every Sunday, they passed a jar around for donations). Whenever we would receive money as a gift, they would let us know we could spend it if we wanted to, but they always encouraged us to put it in our savings account, or at least set some of it aside for later.
Those lessons have stayed with me, and while I have flubbed up from time to time, I can’t thank them enough for not letting me be a greedy brat and helping me to mature financially.
Did your parents do a good job of teaching you about personal finance?