In the money world, the term “financially literate”—or a related derivative—gets tossed around quite a bit. Not a whole lot of experts actually take the time to define exactly what financially literate means, leaving many statistics related to money habits…
If there’s one basic skill your child needs to learn about money, it’s how to create a budget. It’s perhaps even more important than saving, because the budget shows your child how to distribute the savings he puts together and…
Virtually all financial experts agree that learning how to make a basic budget is one of the keys to monetary stability. Making the budget alone is not enough, however. Your child also needs to be able to track his money…
By now, you should have a pretty good handle on the idea that kids and saving need to go together tighter than peanut butter and jelly. Of course, more than one way for kids to save is available. Two of…
Allowance is one of the most debated topics when it comes to teaching children financial literacy. A huge part of the controversy is whether the allowance is challenging enough—that is, whether it teaches entitlement. If you don’t plan on connecting…
Kids are pretty observant, and they learn by what they see. Sooner or later, they’re bound to make comparisons about money and see that financial situations vary a lot from family to family. You’ll need to go over the basic…
Saving supports just about every other financial task and decision your child later learns. How much your child should save isn’t clearcut. To decide what is best for your child, approach saving with a few considerations in mind. The…
Just about everybody has the proverbial “rainy day” when it comes to finances, and even if your children have an exceptionally trouble-free, they still need to save for the retirement years. The sooner you encourage your kids to save, the…
Children grow up incredibly fast, and before you know it, it’s time for them to branch out into the world and get a job. This goes a long way into fostering both independence and financial security, but the transition into…
Keeping the kids entertained while shopping no small chore. The beautiful thing is, shopping trips are a prime opportunity to teach your child about money. Applying some simple strategies can fight the boredom blues all while improving your youngster’s financial…