Allowance is one of the most debated topics when it comes to teaching children financial literacy. A huge part of the controversy is whether the allowance is challenging enough—that is, whether it teaches entitlement. If you don’t plan on connecting…
Kids are pretty observant, and they learn by what they see. Sooner or later, they’re bound to make comparisons about money and see that financial situations vary a lot from family to family. You’ll need to go over the basic…
Education is one of the fastest growing costs families face, so some saving is a virtual requirement if you plan to send your kids to college. 529 Plans At least some of the money you put away for your child’s…
Just about everybody has the proverbial “rainy day” when it comes to finances, and even if your children have an exceptionally trouble-free, they still need to save for the retirement years. The sooner you encourage your kids to save, the…
For most modern American families, food costs remain one of the largest dents in income. Subsequently, getting your child to understand the financial aspects of their meals can turn out to make a tremendous difference on their monetary stability later…
Parents and caregivers are the first financial models kids have. Inevitably, for instance, kids see their moms and dads going to the ATM, paying for groceries or paying bills electronically or via mail. The message kids get is clear: Money…
Halloween promises tons of ghoulish fun for people of all ages, but with the holiday suffering from increasing commercialism, it can be more of a “trick” than a “treat” to come up with inexpensive ways to get in on the…
Without a doubt, the costs of retirement and college education for children are two of the largest financial hurdles any parent faces. Which one should receive most of your funds is a topic of hot debate, with personal circumstances further…
When it comes to kids and learning, two rules generally apply. The first is that kids have to learn in a way that is fun—by staying engaged and interested, kids become more likely to remember the learning experience. The second…
Modern Americans live lives of speed and busy-ness. This can mean high productivity, but it also can translate into a dependence on convenience items. (Gas station coffee or granola bar, anyone?) Steering kids away from convenience in favor of frugality…