Giving is Part of Money Management
Whilst it is important to teach skills about good money management, habits like saving, spending, investing and earning. Learning to give and share is equally important and helps kids to understand that life isn't all about money. It assists in teaching the value of being part of a community.
These acts of sharing and giving, no matter how small, show kids that they have the potential to have a greater effect on others. It makes them feel good too. When saving, it is a good idea to have a giving bucket as well. This way it makes sure that kids aren't completely focused on their own needs. Make them part of the decision on who to give the money to and they will be happy to give it away. Most kids by nature want to share and help others.
Kids seem to especially like charities that help other kids. This of course is not where you need to give your money to but if your child is finding the concept difficult this is often a good place to start.
Being a role model at home for your kids is really the best way to get kids exposed to charitable giving and explaining to them why and when you do it. Times of the year when kids usually receive presents for special occasions, for example Christmas, is a nice time to help others in need by helping your kids put together a gift hamper of food, toys and clothes. Usually your local charity or church organise these and will ensure it goes to those who need it the most.
Other ideas include taking your child with you when you donate toys or clothes to charities. If there is a natural disaster and your child sees it on TV, ask them what they can do to help and show them what options they have to help others in need. Even a simple gesture liking making a card for a friend who has to go to hospital or has been away from school for a while gets kids thinking about how others are feeling and how they can help. Lastly, one tip that I heard from a friend was that for every new toy their child receives they have to choose one to give away. This may be a little extreme for your liking but is also a good way to minimise clutter ;-)