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kids & budget

Guidelines for Family Loans

When money is a little short, getting a loan is often a reasonable way for someone to continue on with his plans. In some cases, doing so actually can put you in a better financial position, securing assets or investments…

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kids & budget

Easy Ways for Kids to Track Money

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…

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kids & money

How Much Money Control Should Parents Have?

In teaching kids about finance, the assumption most parents make is that they, not the children, need to be in the driver’s seat. Although this isn’t entirely false, you might want to think twice about never handing over the keys….

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kids & budget

Can Your Child’s Saving Get Out of Control?

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…

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kids & budget

Ways Your Kids Can Be More Economical Around the House

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…

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kids & budget

The Psychology of Kids’ Spending

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…

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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

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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