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,…
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…
Just about every financial advisor tells people to invest. This is great advice for adults to follow, but it’s even better for kids. If they invest properly, they can save thousands—or potentially millions—toward their financial future. Investing early grabs the…
With technology pumping out new gadgets a mile a minute and regulations changing by the second, it’s easy to think that financial literacy is never truly grounded in the traditional. This isn’t quite the case, however—the way people handle money…
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…
As you might remember, Bankaroo started as a family project in 2011. When Danielle first designed Bankaroo, she was 11 years old, and the service was aimed for 5 – 12 year old kids. Since then, it has grown into…
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…
Money might make the world go ‘round, as the saying goes, but people most certainly don’t approach finance in the same way around the globe. It’s a good idea to think about whether the way you are teaching your kids…