Why Do Stores Have Sales?
Sales can be amazing events that let kids get the most out of the little money they have. Exactly why stores go through these events can be confusing, however—after all, isn’t a business losing out if they sell stuff at…
7 Tips to Help Your Kids Give More During the Holidays
No matter where you live in the world, the holiday season—generally seen as November through December—provides a great opportunity for your kids to learn about charitable giving. The trouble is, many families are facing increasingly tight budgets, which can put…
5 Questions to Help Your Kids Tell a “Need” From a “Want”
Financial experts almost unanimously laud teaching kids how to tell the difference between “wants” and “needs”. The trouble is, they often stop their advice there, failing to give parents and caregivers some basic strategies that will help children make independent…
What to Say When Your Kids Ask You For A Loan
When kids just need a little bit of extra money or don’t qualify for loans on their own, they typically go to the Bank Of Mom And Dad somewhat by default. This shouldn’t necessarily be a habit, but if you…
How Separate Spend, Save and Give Banks Help Kids Build Money Savvy
For years, money gurus have asserted that, with help from parents, kids use separate spend, save and give banks with their money. Although the advice is sound, the experts who spout it rarely provide an explanation about why the technique…
7 Ways to Make Your Kids More Financially Independent
Ideally, kids grow up to make good money decisions, working with funds without relying on anyone else. Getting them to this point takes work, however. These methods can lay a solid foundation for your kids’ financial independence. 1) Make…
5 Ways to Keep Your Kids From Spending Too Much
A major goal in teaching kids to be responsible with money is getting them to control how much they spend. If they can do this, budgeting is much easier, and the risk that they’ll get into debt dramatically decreases. These…
5 Tips for Teaching Young Kids to Comparison Shop
Savvy adult shoppers will comparison shop before they make a purchase decision, but this behavior doesn’t happen automatically—it’s learned. Kids have the capacity to start doing it on a basic level quite early if you show them how. These tips…
7 Key Points to Teach Your Child About Retirement
Retirement can be a pretty abstract financial topic for kids to tackle, especially since it’s so far into the future. Still, they need to know what it is and start planning for it early, especially since they’re likely seeing you…
What Your Child Should Know About Pawn Shops
If your child watches TV, the odds are pretty good that he’s seen at least one commercial for a pawn shop. In fact, because of how these businesses market themselves, he might even be more curious about them than other…