We are excited to present at the upcoming (May 19) Banking Growth Forum in San Francisco. Our goal is to educate banks and other finTech companies on the importance of financial education, We will be looking for partners, who would benefit from bankaroo’s unique service and value, to help us reach more families and kids in their […]
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 […]
5 Ways to Keep Your Kids From Spending Too Much
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 […]
Where Does Money Travel?
When your child works with a piece of money, the odds are pretty good that the money already has seen its fair share of the world, with your child’s piggy bank, wallet or purse just one stop among dozens on its route. This rather lengthy process is sometimes surprising to kids, and it can be […]
The Differences Between Debit and Credit Cards—Which Should Your Kids Have?
These days, the reigning way to pay is with plastic, but which is better for your kids? Figuring that out requires you to understand how these two types of cards are different. Borrowed vs. Personal Funds With a debit card, your child is accessing money he already has in his bank account, not borrowing funds […]
What NOT to Say to Kids About Money
When you teach your kids about money, a lot of your effectiveness comes from how you deliver your messages. Overall, what you say should be positive, but there are a few phrases that routinely slip out of parents’ mouths. Here are some common finance-teaching whoopsies and how to fix them. You can’t afford that./It’s too […]
What Is a Quiet Trust?
Trusts are a great financial tool parents and caregivers often use in order to control their children’s access to assets. Normally, kids know that a trust has been set up for them, but trend in recent years has been to create “quiet” or “silent” trusts. These entities are shaking up the way people hand over […]
Should You Raid Your Child’s Piggy Bank?
Whether it’s a traditional fat little porcelain piggy or a decked out electronic coin sorting gadget-gizmo-thing, a piggy bank of some kind is pretty standard fare when it comes to getting kids learning about money, saving and budgeting. In some households, taking money back from a kid’s piggy bank is no big deal. In others, […]