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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Integrating Bankaroo for Schools into Classroom Economics
Chores, Community, Education, kids & budget, teach kids about money
Just as parents look for great resources to teach kids about personal finance, educators are searching for tools they can use to help students grasp economics in a broader scope. Bankaroo has set out to address this and now is incredibly easy—and affordable!—to integrate into your school. What Is Economics? Economics is a science that […]
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5 Reasons Why Kids Need Bankaroo in Their Schools
Education, kids & budget, kids & money, money & technology, teach kids about money
If you’re a parent or caregiver who’s been feeling about 15 minutes late for everything and just a screw short of personal daily assembly, teaching kids about money at home can be a logistical challenge. Today’s schools understand this, and fortunately, many of them are including finance in their curricula, knowing how money connects to […]
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5 Simple Money Goals for Young Kids
Education, give to charity, kids & budget, kids & money, kids savings, money & technology, teach kids about money
Goal setting is super important when you’re teaching your child about finance—it keeps them focused, makes progress easier to measure and gives you the chance to offer praise and reward when they do well. You can set dozens of different goals for your child based on their age and abilities, but these are some of […]
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Money Smarts: Why You Should Teach Your Kids About Customer Service
Chores, Education, kids & budget, kids & money, Make money, money & technology, teach kids about money, Uncategorized
Once your child has money of their own from an allowance, doing chores or holding down a basic job, it’s critical that they use a variety of strategies to save and make the most of their income. Customer service is an area many parents overlook talking to their kids about, but including it in your […]
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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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4 Tips to Keep Your Kids from Physically Losing Their Money
Education, kids & budget, kids & money, kids savings, teach kids about money, Uncategorized
If you’ve already got your kids working with money (good for you!), a big challenge is getting them to keep track of their funds on paper. Getting them to keep track of the money physically can be just as tough, however, and most parents need a few strategies for preventing the cash from accidentally disappearing. […]
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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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Should You Reward Your Kids’ General Good Behavior with Money?
Education, kids & budget, kids & money, teach kids about money
For years, financial gurus have been divided about whether to use money with kids as a reward for things like good grades. They’re not any more unified about whether it’s okay to fork over some bills or change forgeneral good behavior, such as using table manners. If you’re on the fence about this issue, it’s […]