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…
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?…
As a parent or guardian, it’s the most natural thing in the world to want to give your child what you never had, to give them the best so that they can enjoy life. There comes a point, however, when…
Money makes the world go ‘round, or so the saying goes. In modern society, though, you have to tweak that saying a bit. It’s more like plastic makes the Earth keep rotating. With technology becoming more and more integrated into…
On any given day of the week, a person’s mailbox can be flooded with different offers for credit cards, loans and more. Each one has its own terms and conditions that people have to follow, but unfortunately, many individuals don’t…
In the money world, the term “financially literate”—or a related derivative—gets tossed around quite a bit. Not a whole lot of experts actually take the time to define exactly what financially literate means, leaving many statistics related to money habits…
Virtually all financial experts agree that learning how to make a basic budget is one of the keys to monetary stability. Making the budget alone is not enough, however. Your child also needs to be able to track his money…
By now, you should have a pretty good handle on the idea that kids and saving need to go together tighter than peanut butter and jelly. Of course, more than one way for kids to save is available. Two of…
Allowance is one of the most debated topics when it comes to teaching children financial literacy. A huge part of the controversy is whether the allowance is challenging enough—that is, whether it teaches entitlement. If you don’t plan on connecting…