Why Are So Many Kids Spendthrifts?
The news that parents are spending and are in debt by now is nothing new. What experts are still a little surprised at, though, is how much kids are spending, too. Many of them are scratching their head about why…
5 Simple Ways for Kids to Donate to Charity
Financial literacy isn’t just a personal issue. It’s a social issue, because many people are in need of financial assistance. This is where you can teach your child not only to manage funds and other assets, but to have a…
What Chores Should Your Kids Be Doing to Earn Money?
One of the biggest financial lessons your children will have to learn is that, in most cases, money is something people earn. It doesn’t magically grow on trees, as the saying goes, and the amount of effort put into a…
Will Your Child Be Stuck in Your Family’s Income Bracket Forever?
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…
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…
7 Simple Ways to Keep Your Kids From Overspending
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,…
How Much Should Your Kids Be Spending?
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…
Should Professionals Teach Kids About Money?
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…
Who Should Teach the Kids About Money – Mom or Dad?
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…
Does Teaching Kids About Money Require Money
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…