Setting savings goals is a basic task you’ll want your kids to do as they learn about money. Just how big those goals should be isn’t set in stone, however, and parents often question whether big goals are worth it. Big Savings = Yes! Big Goals, Big Vision If your child saves only a small […]
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Kids’ Mystery Solved: What Exactly Is “Work Ethic”?
Chores, Community, kids & budget, Kids Allowance
When you’re a kid, you might get some money from gifts or a regular allowance. This cash is important for learning how to save and make smart buys. Eventually, though, the things you need or want probably will cost more than the amount of money you’re given. When this happens, your parents likely will encourage […]
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Should Your Kids Shop Online?
Education, kids & budget, kids & money, Kids Allowance, kids savings, money & technology
Adults routinely use the Internet to buy everything from rice to used cars, but kids are discovering how easy it is to purchase goods online, too. As a parent or caregiver, you’ll need to decide whether to let your children visit the millions of cyber aisles available, looking at both the pros and cons online […]
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Money Goals for Kids of Different Ages
Chores, kids & budget, Kids Allowance
As a money-conscious parent, you know how important it is to teach your kids about finance, and that the process of doing this takes years. Still, with so many topics to cover, many parents are a little lost about when they should be teaching what. The general guideline is that you stay relatively concrete until […]
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Should Your Kid Get a Job?
Activity, Chores, kids & budget, kids & money, Kids Allowance, Make money
To learn about and manage money well, it’s extraordinarily helpful to have a reliable income. For young kids, that income might come from an allowance or doing chores around the house. Once your kids are older, however, a regular job might be more advantageous. These questions can help you and your child to determine whether […]
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The Top 10 Features Your Kid’s Savings Account Should Have
kids & budget, kids & money, Kids Allowance, kids savings, money & technology, teach kids about money
With so many banks in business, not all savings accounts are created equal, especially when it comes to kids. To get a good arrangement, you’ll need to shop around with your child. The exact features you sign up for can vary depending on your situation, but these specific elements are particularly good to grab if […]
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8 Tips for Keeping Your Kids Safe When Banking or Shopping Online
Education, kids & budget, Kids Allowance, money & technology, teach kids about money
Internet banking and shopping can be incredibly convenient for your kids, but it’s not always safe. Following these handy tips can reduce some of the risks. 1) Show your kids how to avoid unsecure networks. With access to tablets, smartphones and other Internet-ready mobile devices, it’s incredibly easy for them to hop on a […]
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What to Say When Your Kids Ask You For A Loan
kids & budget, kids & money, Kids Allowance, kids savings, teach kids about money
When kids just need a little bit of extra money or don’t qualify for loans on their own, they typically go to the Bank Of Mom And Dad somewhat by default. This shouldn’t necessarily be a habit, but if you handle the situation properly, it can be a great way for you to teach them […]
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7 Ways to Make Your Kids More Financially Independent
Education, kids & budget, kids & money, Kids Allowance
Ideally, kids grow up to make good money decisions, working with funds without relying on anyone else. Getting them to this point takes work, however. These methods can lay a solid foundation for your kids’ financial independence. 1) Make your money tasks a routine part of your schedule. Kids are masters of imitation. Whatever […]
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5 Ways to Keep Your Kids From Spending Too Much
Activity, Chores, Education, kids & budget, kids & money, Kids Allowance, kids savings
A major goal in teaching kids to be responsible with money is getting them to control how much they spend. If they can do this, budgeting is much easier, and the risk that they’ll get into debt dramatically decreases. These five techniques can lend a hand as your kids develop this skill. 1) Give […]