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Chores

Foster Kids: How to Ensure They Still Get a Financial Education

Foster children have very specific needs when it comes to learning about finance because they typically don’t have the same resources available to them that biological kids in stable homes do. These children shouldn’t be left by the wayside. Foster…

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kids & budget

Teaching Kids About Money in the Modern Mixed Family

In the past, divorce and remarriage were something that people seriously frowned on. Now, however, step-parents are just as common as biological ones. This is not necessarily “right,” or “wrong,” but you should be aware that a blended family can…

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kids & budget

Why Are So Many Kids Spendthrifts?

The news that parents are spending and are in debt by now is nothing new. What experts are still a little surprised at, though, is how much kids are spending, too. Many of them are scratching their head about why…

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Chores

What Chores Should Your Kids Be Doing to Earn Money?

One of the biggest financial lessons your children will have to learn is that, in most cases, money is something people earn. It doesn’t magically grow on trees, as the saying goes, and the amount of effort put into a…

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kids & budget

Will Your Child Be Stuck in Your Family’s Income Bracket Forever?

If you’re like most parents, a major goal when it comes to your kids and money is simply to ensure, by whatever means possible, that your children are a little better off financially than you were. In other words, you…

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kids & budget

What Is Opportunity Cost?

Even though the economists say finances are shaky around the world and in the average home, opportunities are still everywhere. You can see them in flat-screen televisions, college degrees, toys and restaurants with big flashing signs. Your child will make…

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kids & budget

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) often have trouble understanding exactly what this phrase means, however….

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kids & budget

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 difference between the way things were and the way things…

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kids & budget

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 relationship option sometimes can truly be the best route in…

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kids & budget

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 food, for example. Keeping your children from spending too much,…

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