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…
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…
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…
The modern American family lives at the speed of light these days, barely stopping to recharge their smartphones and fill their backpacks before rushing out the door. With many families having two working parents, time is precious, and it’s fairly…
Although the American economy is still recovering from the Great Recession as of 2012, many families still have a high standard of living. Kids in the United States might not be able to go to the movies once or twice…
Giving kids an allowance is a tried and true method of introducing children to financial responsibility. At the same time, kids also need to learn how to perform basic self-help tasks and take care of their belongings. In some households,…
Most things in personal or business finance are not as simple as they first appear. Deciding how much money your child can access is no exception. It’s a complex issue because no two children or family situations are alike, meaning…
In a typical American household, the television can be on anywhere from two to eight hours a day. This makes TV a strong marketing tool not just for adults, but also for kids, who often watch TV out of boredom…
It happens every day. Kids see a price tag, shell out some cash or swipe a card, and don’t bother to think that maybe they could have gotten an item cheaper if they’d just asked. By showing your children that…