What Does It Mean to Live Within Your Means?
As much of the world strives to keep themselves afloat financially, a common song financial experts are singing is that you should live within your means. Kids (and many parents)…
Old Versus New Ways of Money Management
A ton has changed over the last hundred years or so—that’s unquestionable. Virtually all industries have had to accommodate in some way, and the finance industry is no exception. The…
Divorce: How It Challenges Your Kids’ Financial Literacy
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…
7 Simple Ways to Keep Your Kids From Overspending
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…
How Much Should Your Kids Be Spending?
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…
Are the Financial “Experts” Getting It Wrong?
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…
Should Professionals Teach Kids About Money?
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…
Wants Versus Needs: What’s the Big Deal, Anyway?
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…
Why Should Kids Invest?
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…
Allowance Alternatives for Your Kids
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…