Every parent wants their child to succeed, to be comfortable, and some of how people define success and comfort is with financial security. Although there is nothing wrong with wanting your child to have enough, there are good reasons why…
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?…
Money makes the world go ‘round, or so the saying goes. In modern society, though, you have to tweak that saying a bit. It’s more like plastic makes the Earth keep rotating. With technology becoming more and more integrated into…
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…
By now, you should have a pretty good handle on the idea that kids and saving need to go together tighter than peanut butter and jelly. Of course, more than one way for kids to save is available. Two of…
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…
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…
The modern American family lives at the speed of light these days, barely stopping to recharge their smartphones and fill their backpacks before rushing out the door. With many families having two working parents, time is precious, and it’s fairly…
Although the American economy is still recovering from the Great Recession as of 2012, many families still have a high standard of living. Kids in the United States might not be able to go to the movies once or twice…
Giving kids an allowance is a tried and true method of introducing children to financial responsibility. At the same time, kids also need to learn how to perform basic self-help tasks and take care of their belongings. In some households,…