These days, divorce is relatively commonplace. In the United States, for example, over half of all married couples call it quits, says the Centers for Disease Control and Prevention. This relationship option sometimes can truly be the best route in…
As you try to teach your kids about money, you’ll have to acknowledge to your kids that spending in itself is not necessarily bad. People need to spend money for food, for example. Keeping your children from spending too much,…
Around the world, financial experts are in agreement that, because of both inflation and financial concerns such as an increasingly competitive job market, saving is more important to kids than ever before. With this in mind, all eyes are on…
When a person doesn’t have a lot of knowledge or experience in anything, it’s usually a good idea to seek advice from an expert. This can apply to areas such as financial literacy for kids, but unfortunately, many of the…
The need to teach kids about money is a fact rather than debate. What is debatable, however, is who should be doing the bulk of the teaching. Many people say that financial education is best left to the experts, while…
As you try to teach your child about money, one of the most basic things you will need to get across is the idea that a want is very different from a need. Many children have trouble distinguishing the two,…
Just about every financial advisor tells people to invest. This is great advice for adults to follow, but it’s even better for kids. If they invest properly, they can save thousands—or potentially millions—toward their financial future. Investing early grabs the…
Allowances are one of the most hotly debated elements of financial education for kids. In one corner, parents advocate them, because having real money available can make it easier for children to save, spend, give to charity and learn basics…
Trusts are a great financial tool parents and caregivers often use in order to control their children’s access to assets. Normally, kids know that a trust has been set up for them, but trend in recent years has been to…
With technology pumping out new gadgets a mile a minute and regulations changing by the second, it’s easy to think that financial literacy is never truly grounded in the traditional. This isn’t quite the case, however—the way people handle money…