Not finding a piggy bank your child likes? Try these homemade alternatives! Soda/Water Bottle Bank Very carefully cut a slot in the side of an old soda bottle large enough for coins and bills to fit through easily. If the…
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…
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….
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…
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…
Much of what you will focus on in your child’s money education is “nuts and bolts” or “how to” stuff, such as teaching your child how to read a bank statement. There is another part of money education that gets…
When school’s out for the summer, parents usually start looking with renewed vigor for activities they can do with their kids. Spending time with your youngsters doesn’t have to break the bank. There are dozens of things to do that…
Parents still heavily debate whether kids should work during school, with some people thinking that the experience and financial improvements gained from the work is worth the slight dip in grades that might happen. In the summer, kids no longer…
Foster children have very specific needs when it comes to learning about finance because they typically don’t have the same resources available to them that biological kids in stable homes do. These children shouldn’t be left by the wayside. Foster…
In the past, when kids wanted to give to a charity, they either had to send their money by mail or visit the physical location in which the charity did business. Those days are long gone. An increasing trend you…