One of the most basic skills kids need to learn when they start their financial education is how to track money. Without the ability to do this, kids can’t go on to more challenging tasks, such as making and sticking…
As a parent or caregiver, you naturally want your kids to be financially secure. As a result, it’s pretty tough not to hold some control over their money. To some extent, this is exactly what you should do, because kids…
When you teach your kids about money, a lot of your effectiveness comes from how you deliver your messages. Overall, what you say should be positive, but there are a few phrases that routinely slip out of parents’ mouths. Here…
One of the most fundamental principles parents try to instill in their children from an early age is that saving is critical. After all, without saving, it can be extremely difficult to ensure some degree of financial security for the…
In the modern consumer society, more goods and foods are produced every minute than ever before. This holds a high note of promise for quality of living, but the reality is, people in many areas—the United States in particular—are hardly…
With a new school year almost upon you, hopefully you’ve already given some thought to what your kid might need for his next round of academics. If you’ve really been on top of it, you’ve already talked to your child…
With all the conveniences of the modern world, the vast majority of financial transactions now occurs on a digital platform. People use ATMs to get or deposit funds, for example, and they routinely turn to the Internet to make purchases…
When it comes to buying, putting down money isn’t just about what you need. It’s also about want you want, and the reasons behind those wants can be extremely complex, fulfilling multiple psychological needs. This doesn’t just apply to adults—kids…
Much of what you will focus on in your child’s money education is “nuts and bolts” or “how to” stuff, such as teaching your child how to read a bank statement. There is another part of money education that gets…
Parents still heavily debate whether kids should work during school, with some people thinking that the experience and financial improvements gained from the work is worth the slight dip in grades that might happen. In the summer, kids no longer…