If you’re like most parents, a major goal when it comes to your kids and money is simply to ensure, by whatever means possible, that your children are a little better off financially than you were. In other words, you…
These days, divorce is relatively commonplace. In the United States, for example, over half of all married couples call it quits, says the Centers for Disease Control and Prevention. This relationship option sometimes can truly be the best route in…
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…
When a person doesn’t have a lot of knowledge or experience in anything, it’s usually a good idea to seek advice from an expert. This can apply to areas such as financial literacy for kids, but unfortunately, many of the…
The need to teach kids about money is a fact rather than debate. What is debatable, however, is who should be doing the bulk of the teaching. Many people say that financial education is best left to the experts, while…
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,…
By now, the news that kids need to learn about money is nothing too startling—in the wake of the Great Recession, financial experts have been advocating financial literacy more than ever. Even so, finance courses still aren’t standard in most…
The statistics about financial literacy are in, and although they vary slightly depending on the source, the general results are not good: The majority of kids show they are interested in and want to learn about money, but they are…
One of the most brilliant ideas that parents come up with when it comes to savings for their kids include opening a savings account. This is one move that parents feel would guarantee their kids a lifetime of thrift and…