For years, financial gurus have been divided about whether to use money with kids as a reward for things like good grades. They’re not any more unified about whether it’s okay to fork over some bills or change forgeneral good…
Identity theft has made continual headlines in recent years, but the victims of this crime aren’t just adults—many are kids. As a parent, protecting your kid’s identity is critical because of the serious ramifications theft can have on their financial…
With so many banks in business, not all savings accounts are created equal, especially when it comes to kids. To get a good arrangement, you’ll need to shop around with your child. The exact features you sign up for can…
By now, your kids hopefully know some basic money facts, such as the value of specific coins or what a budget is. To keep them interested in learning even more, though, introduce them to these less commonly known money tidbits….
Inheritance doesn’t just affect adults. It can affect kids, too. Knowing the basics of what inheritance is and how it works thus should be part of any child’s financial education. The Simple Definition Inheritance, in terms of finance, is…
Most people think of ATMs when they think of machines that are most valuable for money-education, but coin sorting machines can be important, too. These machines are available at banks, as well as major department stores (usually near the service…
When kids just need a little bit of extra money or don’t qualify for loans on their own, they typically go to the Bank Of Mom And Dad somewhat by default. This shouldn’t necessarily be a habit, but if you…
For years, money gurus have asserted that, with help from parents, kids use separate spend, save and give banks with their money. Although the advice is sound, the experts who spout it rarely provide an explanation about why the technique…
Ideally, kids grow up to make good money decisions, working with funds without relying on anyone else. Getting them to this point takes work, however. These methods can lay a solid foundation for your kids’ financial independence. 1) Make…
A major goal in teaching kids to be responsible with money is getting them to control how much they spend. If they can do this, budgeting is much easier, and the risk that they’ll get into debt dramatically decreases. These…