Financial experts everywhere stress the importance of teaching kids how to budget, but they often fail to point out that doing this requires your child to learn about and understand two basic concepts: gross and net income. These two elements…
Have debt? Join the club. That’s apparently the word on the street these days, with the typical household having thousands of dollars in credit card, mortgage, vehicle, education and other debt. Despite how widespread debt is, people are still quite…
Hopefully, by now, you’ve realized that getting your child to save is an important financial lesson. When a kid should start this process can be a little confusing, however, as families can have drastically different ways to approach it. Let’s…
As most parents know, it’s typically much more efficient to do your shopping without your kids in tow. The reality, of course, is that there will be times when you have to go to stores with your children. Although this…
The cost of college is a major worry for just about any parent. Relying on scholarships and financial aid doesn’t always work, which might leave you and your child looking for ways to make post-secondary education affordable. Here are four…
Not finding a piggy bank your child likes? Try these homemade alternatives! Soda/Water Bottle Bank Very carefully cut a slot in the side of an old soda bottle large enough for coins and bills to fit through easily. If the…
When money is a little short, getting a loan is often a reasonable way for someone to continue on with his plans. In some cases, doing so actually can put you in a better financial position, securing assets or investments…
One of the most basic skills kids need to learn when they start their financial education is how to track money. Without the ability to do this, kids can’t go on to more challenging tasks, such as making and sticking…
As a parent or caregiver, you naturally want your kids to be financially secure. As a result, it’s pretty tough not to hold some control over their money. To some extent, this is exactly what you should do, because kids…
In teaching kids about finance, the assumption most parents make is that they, not the children, need to be in the driver’s seat. Although this isn’t entirely false, you might want to think twice about never handing over the keys….