Research shows that giving kids an allowance is beneficial, but setting it up correctly is important. Here are 9 mistakes to avoid when giving kids an allowance. A recent survey found that 70% of American adults couldn’t answer basic financial questions correctly. These questions included how interest on a savings account is calculated and if…
Encouraging kids to budget their money introduces them to a life skill that can serve them well throughout their life. Here are a few ways you can help your kids get started. “I forget what I’m saving my money for.” My youngest said to me as we walked around Target. “So can I buy something…
Teaching kids to save their money is more of an art than a science. Here are some tips to help you succeed. (This post contains affiliate links. If you click on a link and purchase the item, I will receive a commission at no extra cost to you.) “Mom, can I get this with my…
When your kids get an allowance they should also be given the responsibility to pay for more things on their own. Two years ago, I decided our family needed a change. Every time we walked into a store, my girls – and especially the youngest – would begin asking for anything and everything in sight: “Mom,…
Try these 17 money activities for kids to teach them how to differentiate coins and bills. The other day I discovered my 6-year-old sitting on her bedroom floor with a mound of pennies in front of her. She sat there and picked up each penny, one by one, and carefully counted them for what felt…
Kids don’t naturally understand the need to give money to others in need. That means it’s up to us parents to teach kids why it’s actually a good thing to part with money and give it to someone else – someone who needs it more than we do.
Tis’ the season to give, and what better way to teach children about being generous than by sharing stories of kids who recognized a need and set out to fix it. The kids featured here are remarkable – each were so determined to do something, anything, to help others that they eventually began charities, sometimes even before entering high school. Get ready to be inspired!
A list of our family’s favorite books about money. Includes PDFs that list the books by money topic and age appropriateness.