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…
Allowances are one of the most hotly debated elements of financial education for kids. In one corner, parents advocate them, because having real money available can make it easier for children to save, spend, give to charity and learn basics…
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…
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…
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…
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…
Statistically speaking, it’s not that unusual for a modern family to struggle in the area of budgeting. In fact, in lots of homes, a budget doesn’t even exist. Often, this is because money is extremely tight—what’s the point of budgeting,…
The proverbial Joneses. The family that has everything that everyone wants, that sets the trends everyone wants to follow, that people struggle to mimic. To some degree, we all try to keep up with them, as the saying goes, but…
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?…