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Facebook post of dad teaching kids about charity and saving goes viral

A U.S. dad is getting widespread props on social media for the methods he is using to teach his sons about the value of money.

(Facebook)

When did you learn about the value of a dollar?

Did you have the guiding hand of a parent or relative? Was it something you picked up in school? Or did you learn through making mistakes and adapting your own personal techniques?

Well, a U.S. dad is getting widespread props on social media for the teaching methods that he is using with his family.

A post last Sunday on the popular Facebook page Humans of New York shows the father sitting with his two young sons with a baseball glove in a park.

The caption, which is a quote from one of the boys, explained the edifying nature of his allowance.

The boy said that when he receives his weekly sum of $1, he is given the option of investing, saving, donating or spending.

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If he puts a dollar in the investing category, his parents give him two extra pennies at the end of every month.

He said he has “way over” $10 invested and he has only spent his monthly allowance twice.

“I used to have more, but I took some money out and put in my ‘donate section,’” he said.

“We used it to buy food for people who don’t have much money in their ‘spend section.’”

The post has received nearly 750,000 likes and has been shared more than 84,000 times.

The father’s teaching methods were widely praised in the comments.

“This is the perfect way to teach children compassion and understanding that not everyone is as fortunate as they are, while also helping them to grow up financially responsible. You’re doing a great job as a father,” wrote Facebook user Daniel Theodore Fischer.

Facebook user Jessie Lynn said the post was a “parenting win.”

“Not people who are ‘less fortunate,’ not people who ‘made bad decisions,’ not people who are homeless, addicts, lonely broken or poor. People who have less in their spend section. YES.”