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…
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…
Saving has a rather ironic purpose: Your kids do it so that, at some point, they can spend. This activity has some big benefits, not only for your children’s money-education, but also for their personal and social awareness. 1) To…
As any seasoned parent will tell you, it doesn’t take kids very long to start asking for stuff. Eventually, they’ll learn that some things cost more money than they have. Most caregivers make the best suggestion of saving up for…
That kids need to learn about money is somewhat of a given. Not all parents and caregivers are clear about when they should start teaching their kids the basics, however. These signs may signal that your child is capable of…
Eventually, you’ll want your child to move away from a basic piggy bank and explore working with a regular bank. These are the key points you’ll want to touch on as your child gets ready to open his first account….
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,…
As most parents know, it’s typically much more efficient to do your shopping without your kids in tow. The reality, of course, is that there will be times when you have to go to stores with your children. Although this…
In teaching kids about finance, the assumption most parents make is that they, not the children, need to be in the driver’s seat. Although this isn’t entirely false, you might want to think twice about never handing over the keys….
When it comes to buying, putting down money isn’t just about what you need. It’s also about want you want, and the reasons behind those wants can be extremely complex, fulfilling multiple psychological needs. This doesn’t just apply to adults—kids…