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 […]
The bankaroo story on Jweekly
bankaroo for schools, kids & money, money & technology, teach kids about money, Uncategorized, Update, updates
Check out the latest press on bankaroo. “…This story begins with an all-too-familiar family scenario: a child and her parent arguing over money. In this case, then-10-year-old Dani Gafni and her father, Etay, are at a video game store, quibbling over whether he’d paid the allowance she thought he owed her for washing his car. […]
Should Your Kids Shop Online?
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 […]
5 Reasons Why Kids Need Bankaroo in Their Schools
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 […]
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 […]
Money Basics for Kids: The Reasons Why You Should Save
You’ve probably heard it from mom and dad a thousand times: “You should save your money!” If your parents are not clear on exactly why saving is so important, though, here’s a breakdown of some of the major reasons you should listen to their advice. Saving lets you eventually buy things you might not have […]
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 […]
4 Tips to Keep Your Kids from Physically Losing Their Money
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. […]
Should Your Kid Get a Job?
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 […]
Should You Reward Your Kids’ General Good Behavior with 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 […]