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,…
Around the world, financial experts are in agreement that, because of both inflation and financial concerns such as an increasingly competitive job market, saving is more important to kids than ever before. With this in mind, all eyes are on…
As you try to teach your child about money, one of the most basic things you will need to get across is the idea that a want is very different from a need. Many children have trouble distinguishing the two,…
Allowances are one of the most hotly debated elements of financial education for kids. In one corner, parents advocate them, because having real money available can make it easier for children to save, spend, give to charity and learn basics…
With study after study showing that the majority of kids are woefully behind in terms of understanding and applying financial concepts, it’s no surprise that parents are looking for ways to teach their kids about money. That said, not everyone…
Statistically speaking, it’s not that unusual for a modern family to struggle in the area of budgeting. In fact, in lots of homes, a budget doesn’t even exist. Often, this is because money is extremely tight—what’s the point of budgeting,…
The proverbial Joneses. The family that has everything that everyone wants, that sets the trends everyone wants to follow, that people struggle to mimic. To some degree, we all try to keep up with them, as the saying goes, but…
When kids are really young, their idea about how to get money is pretty simple, not to mention misguided: Run out of cash? No worries! Just go to the bank! Don’t have enough money to pay for something you want?…
In the money world, the term “financially literate”—or a related derivative—gets tossed around quite a bit. Not a whole lot of experts actually take the time to define exactly what financially literate means, leaving many statistics related to money habits…
Whether it’s a traditional fat little porcelain piggy or a decked out electronic coin sorting gadget-gizmo-thing, a piggy bank of some kind is pretty standard fare when it comes to getting kids learning about money, saving and budgeting. In some…