Please enable JavaScript in your browser to experience all the custom features of our site. - Contemporary Parenting Questions
Please Use Our New Website
still under constructions
to purchase safety books and educational materials

Mr. Harry Skydell, Chairman
Mr. Mark Karasick, Vice Chairman
Rabbi Yakov Horowitz, Director
Rabbi Avrohom M. Gluck, Director of Operations
The first 1000 members will have a chance to win a
16 GB
with Rabbi Horowitz audio

Membership Benefits:

  • Save articles to your favorites folder.
  • Save and print selected articles in a PDF journal.
  • Receive emails containing the latest comments on your favorite articles.
  • Mark articles as "READ".
  • More member features coming soon...

Raffle Rules:

NO PURCHASE NECESSARY. To enter, complete the signup form and join as a member. Incomplete entries will be disqualified. All entries shall become the property of CJFL. CJFL is not responsible for lost, misdirected or delayed entries.

The contest is open to the general public. Members need to be at least 18 years old. Identification must be produced on request. Employees of CJFL, its raffle sponsor, advertising and promotional agencies and their respective affiliates and associates and such employees' immediate family members and persons with whom such employees are domiciled are excluded from this raffle. ALL PREVIOUSLY REGISTERED MEMBERS WILL BE AUTOMATICALLY ENTERED INTO THIS RAFFLE. The prize is not redeemable in cash and must be accepted as awarded. Decisions of the raffle judges are final - no substitutions will be available. By claiming the prize, the winner authorizes the use, without additional compensation of his or her name and/or likeness (first initial and last name) and municipality of residence for promotion and/or advertising purposes in any manner and in any medium (including without limitation, radio broadcasts, newspapers and other publications and in television or film releases, slides, videotape, distribution over the internet and picture date storage) which CJFL may deem appropriate. In accepting the prize, the winner, acknowledges that CJFL may not be held liable for any loss, damages or injury associated with accepting or using this prize. CJFL retains the rights, in its absolute and sole discretion, to make substitutions of equivalent kind or approximate value in the event of the unavailability of any prize or component of the prize for any reason whatsoever. This contest is subject to all federal, provincial and municipal laws. CJFL reserves the right to withdraw or terminate this raffle at any time without prior notice. One entry per person.

Contemporary Parenting Questions


Last updated on 11/19/08

How can I teach my child about the value of money?

In school, children may learn that the United States has a capitalist economy. They also may learn about historic events such as the Great Depression, but many kids are clueless about how the economy operates. They have a hard time understanding the value of money and may not understand why it is necessary to save up. Kids have always been affected by the economy, but recently, children have felt it even more. Many families are having money troubles these days. For some, it may be felt in small ways, like going to the movies less often or using more coupons at the grocery store. For other kids, however, money problems are causing bigger changes, such as a parent taking on a second job or the family having to move to a different, less expensive house.

Although it may be hard to speak to your children about money troubles, it is important for kids to be well informed. Kids can help the family deal with an economic crisis by being cost conscious and understanding the necessary cutbacks. Never underestimate your children; they can understand many aspects of money and the economy and are willing and ready to learn.

In the Jewish Community

The Jewish community has not been exempt from the economic crisis. Jewish-owned stores reported a decrease in sales over the past few months, and the Monsey Trails, a bus service that travels daily from Monsey to Manhattan and Boropark, said that significantly fewer commuters take the bus due to job lay-offs. Many parents are struggling to pay the tuition bills, and Tomche Shabbos, an organization that provides food and other necessities to needy families, is busier than ever before. Parents who wish to save money must explain the current economic situation to their kids as well as the value of money. Children want to help their families and will feel proud to spend less, once they know the reasons why.

Use the following links to learn how to educate your child about the economy. Access organizations and website geared specifically for children and education about the economy.

Frequently Asked Links

What should I teach my child about the economy?

Should I bring up the subject of a troubled economy with my kids?

How can I explain the current economic situation to my children?

Should I tell my child about the family’s finances?

How can I teach my kids about the true value of money?

How can I teach my child to manage money appropriately?

What can my teen do to deal with the tough economy?

How can I help my teen get a summer job?

How can my child give inexpensive gifts?

Related Articles

There is good stress and bad stress. Find out what is what and learn practical ways to cope in this article.

Talking to Your Parents - or Other Adults
Whether it is an everyday issue like schoolwork or an emergency situation, read this article to learn about the benefits of communicating with your parents and other adults.

Worry Less in 3 Steps
Everyone worries, but would you like to worry less? Find out more in this article for kids.


Parenting Resources for the Jewish Community

Compiled by Rabbi Yakov Horowitz

Consolidated Credit Counseling Services
This group's mission is to assist families throughout the United States in ending financial crisis and to solve money-management problems through education and professional counseling.

The National Consumers League
A private nonprofit advocacy group, the National Consumers League represents consumers on marketplace and workplace issues.

Youth at Work
This website is designed to teach you about some of your rights and responsibilities as an employee, including what you can do to help prevent discrimination in the workplace.

Rabbi Horowitz does not endorse any external sites or monitor or approve content on these sites. When considering information presented here, you should consult your experts to determine what is best for you. Our sole purpose is to help you access information that Rabbi Horowitz and others have made available on the internet.


Working with Families and Educators on Behalf of our Children

This site is managed by The Center for Jewish Family Life, Inc., 56 Briarcliff Drive, Monsey, NY 10952
Project Y.E.S. was founded by Agudath Israel of America
The Center for Jewish Family Life/Project YES - 56 Briarcliff Drive, Monsey, NY 10952 (845) 352-7100 ext. 114 Fax: (845) 352-9593