Ideally, kids grow up to make good money decisions, working with funds without relying on anyone else. Getting them to this point takes work, however. These methods can lay a solid foundation for your kids’ financial independence. 1) Make…
Although there are certainly times when you’ll want your kids to buy items brand new (shoes and underwear are perhaps two of the best examples), there are plenty of circumstances where opting for second-hand goods is super savvy. Thrift stores…
There’s no doubt about it—you and your child likely will cough up a nice chunk of change to cover the expense of back-to-school supplies. Kids can use multiple strategies to keep more money in their pockets during the process of…
Children and youth from 23 countries have been worshipping, debating and sharing ideas for the past two days at CYFI’s Youth Meeting at the United Nations Headquarters in New York. Held on the 21-22 May 2014, the young participants took…
As kids grow up and start to use money, they gain some distinct, personal perceptions of assets, which become part of how they define what money is and means. Often, the perception includes the idea that it’s possible to tell…
Small kids who don’t understand money often take small items off shelves in stores—many small toys and candies, for example, are easy for a child to put into their pocket in a blink as you pay your bill at the…
Tipping is something your kid will see you do on a regular basis, and eventually, he’ll wonder not only why you do it, but how. These are the four core concepts you should emphasize as you educate him on tipping…
Without an understanding of how their personal money habits connect to the broader economy, it’s much harder for kids to grasp where control of funds really is and why financial events occur. At a minimum, you should cover these seven…
Ask any financial expert what kids should learn early on about money and he’ll tell you to teach your child how to save. This is excellent advice, but the reality is that saving means different things to different kids. Your…
Vendors and individuals both are selling items through online auctions in droves. Whether to let your child take part in these auctions is something you need to think through carefully, weighing the pros and cons. Concerns Online auctions typically require…