Saving has a rather ironic purpose: Your kids do it so that, at some point, they can spend. This activity has some big benefits, not only for your children’s money-education, but also for their personal and social awareness. 1) To…
Although there are certainly times when you’ll want your kids to buy items brand new (shoes and underwear are perhaps two of the best examples), there are plenty of circumstances where opting for second-hand goods is super savvy. Thrift stores…
As any seasoned parent will tell you, it doesn’t take kids very long to start asking for stuff. Eventually, they’ll learn that some things cost more money than they have. Most caregivers make the best suggestion of saving up for…
Retirement can be a pretty abstract financial topic for kids to tackle, especially since it’s so far into the future. Still, they need to know what it is and start planning for it early, especially since they’re likely seeing you…
Before your child can perform any other money task, he has to be able to tell which pieces of currency are which. For coins, there are a few fun activities that can make the size, color, image and value easier…
That kids need to learn about money is somewhat of a given. Not all parents and caregivers are clear about when they should start teaching their kids the basics, however. These signs may signal that your child is capable of…
If your child watches TV, the odds are pretty good that he’s seen at least one commercial for a pawn shop. In fact, because of how these businesses market themselves, he might even be more curious about them than other…
As kids grow up and start to use money, they gain some distinct, personal perceptions of assets, which become part of how they define what money is and means. Often, the perception includes the idea that it’s possible to tell…
As you teach your child about money, the odds are good that you’ll talk about specific financial tasks that a professional can help with. These are excellent opportunities to introduce your child to finance-related jobs. Bank teller. Bank tellers help…
One of the biggest problems most parents face when they’re trying to teach their kids about money is getting them to save. Getting children to start and maintain a rainy day fund is especially tough. Want Vs. Need Most parents…