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…
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…
As kids grow up and start to use money, they gain some distinct, personal perceptions of assets, which become part of how they define what money is and means. Often, the perception includes the idea that it’s possible to tell…
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…
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,…
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…
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…
In a typical home, the television is on for at least several hours a day. People go to the theater, stream, or rent movies on top of this, too. Time after time, money is part of what you see. This…
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…
For a lot of parents, talking about money is just as bad—okay, maybe even worse—than talking about sex or using drugs. This doesn’t make a whole lot of sense given that money is so integral to daily living. After all,…