These days, the reigning way to pay is with plastic, but which is better for your kids? Figuring that out requires you to understand how these two types of cards are different. Borrowed vs. Personal Funds With a debit card,…
Great business ideas don’t just come from adults—more and more kids are getting their feet wet in entrepreneurship with big success. As your children see these models, these are the most important things you need to tell them. Being a…
Ask any financial expert what kids should learn early on about money and he’ll tell you to teach your child how to save. This is excellent advice, but the reality is that saving means different things to different kids. Your…
Vendors and individuals both are selling items through online auctions in droves. Whether to let your child take part in these auctions is something you need to think through carefully, weighing the pros and cons. Concerns Online auctions typically require…
Even if your child doesn’t ask for much, there likely will come a point when he asks you for something that’s a little out of your reach financially. When this happens, it’s not the best route to jump and say…
Kids need the opportunity to learn about money by doing—that’s a given. Even so, books provide a terrific way for you to get the ball rolling and to introduce the financial things you’d like to talk about or do with…
Ask any parent or caregiver or parent what they want most for their kids, and you’ll likely get a generalized answer something along the lines of “I just want the best.” (A variation of this that appears with great frequency…
As Christmas approaches, it’s very easy for kids to get wrapped up in getting rather than giving. This gives you a hidden chance to expand an important lesson in their financial education: generosity. This is easy to do if you…
Saving is one of the first financial lessons that kids learn, and many experts promote the idea that the earlier children can start putting money aside, the better off they’ll be. The logical progression from this idea is usually to…
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