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Chores

Which Is Better: Piggy Bank, Bank Account or bankaroo?

By now, you should have a pretty good handle on the idea that kids and saving need to go together tighter than peanut butter and jelly. Of course, more than one way for kids to save is available. Two of…

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3 Tips for Making Allowance More of a Challenge

Allowance is one of the most debated topics when it comes to teaching children financial literacy. A huge part of the controversy is whether the allowance is challenging enough—that is, whether it teaches entitlement. If you don’t plan on connecting…

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Chores

Kids, Work and Time

Parents and caregivers are the first financial models kids have. Inevitably, for instance, kids see their moms and dads going to the ATM, paying for groceries or paying bills electronically or via mail. The message kids get is clear: Money…

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3 Money-Related Crafts for Kids

When it comes to kids and learning, two rules generally apply. The first is that kids have to learn in a way that is fun—by staying engaged and interested, kids become more likely to remember the learning experience. The second…

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Chores

Virtual currencies and the point system on bankaroo

We got feedback and requests from users that love the bankaroo way of teaching kids how to budget, but don’t want to use money. We created 3 new currencies you can use: points, stars and hearts. You can now give points…

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Chores

5 Ways Your Kids Can Become Earners

When it comes to making serious dough, okay, yes, adults may have an advantage over kids. Even so, that doesn’t mean kids have no earning power at all. In fact, the earlier you can get your kids into the work-for-pay…

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Chores

Kids and Chores: How Getting Things Done Affects Their Financial Future

There’s no debate that assigning chores to kids is a lifesaver for getting things done around the house and giving children some time direction. Less clear is the relationship between chores and financial education for kids. Although kids might gripe…

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Chores

It’s not always about the money

Helping others and volunteering are key values. Let’s not forget to educate our kids to act and help and be good members of their community! Danielle volunteered this weekend to paint a mural for her school’s library. That’s a good…

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Chores

Kids and Chores: How Getting Things Done Affects Their Financial Future

There’s no debate that assigning chores to kids is a lifesaver for getting things done around the house and giving children some time direction. Less clear is the relationship between chores and financial education for kids. Although kids might gripe…

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