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The Dollar Store: An Unlikely Venue for Great Financial Lessons

Dollar stores offer many everyday household, business and automotive goods, as well as toys and entertainment products, at very low cost. Although these stores can lack a huge selection and sometimes put steep markups on some items, they provide a…

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kids & budget

Introducing Kids to the Idea of a Rainy Day Fund: 3 Tips for Success

One of the biggest problems most parents face when they’re trying to teach their kids about money is getting them to save. Getting children to start and maintain a rainy day fund is especially tough. Want Vs. Need Most parents…

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kids & budget

Money and Ownership: Getting Kids to Understand the Link

Small kids who don’t understand money often take small items off shelves in stores—many small toys and candies, for example, are easy for a child to put into their pocket in a blink as you pay your bill at the…

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kids & budget

The Differences Between Debit and Credit Cards—Which Should Your Kids Have?

These days, the reigning way to pay is with plastic, but which is better for your kids? Figuring that out requires you to understand how these two types of cards are different. Borrowed vs. Personal Funds  With a debit card,…

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kids & budget

Top Crafts for Kids to Make and Sell to Earn Money

When kids don’t have much of their own to sell, one of the best options for earning some cash is to make craft items, which they then can sell at church bazaars, community fairs and other events. The key is…

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kids & budget

What Saving Really Means to Kids

Ask any financial expert what kids should learn early on about money and he’ll tell you to teach your child how to save. This is excellent advice, but the reality is that saving means different things to different kids. Your…

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Education

What to Say If You Can’t Afford What Your Child Wants

Even if your child doesn’t ask for much, there likely will come a point when he asks you for something that’s a little out of your reach financially. When this happens, it’s not the best route to jump and say…

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kids & budget

Why Giving Second Best Might Help Your Kids Financially

Ask any parent or caregiver or parent what they want most for their kids, and you’ll likely get a generalized answer something along the lines of “I just want the best.” (A variation of this that appears with great frequency…

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Chores

How a Pet Helps Teach Kids About Money

“Mom, can I have a dog / cat [or other pet]?” The question is almost inevitable from youngsters, who have a natural curiosity about other living things, and who see lots of other families with animals. A lot of the…

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Education

How to Use a Family Savings Jar

Saving is one of the first financial lessons that kids learn, and many experts promote the idea that the earlier children can start putting money aside, the better off they’ll be. The logical progression from this idea is usually to…

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