As a parent, it’s our job (yes, I’m a mom) to teach our kids. There is a lot they will learn in school, and they will probably have a lesson or two on financials in school, but as far as I’m concerned this is mostly on us as parents. So, what should we do? Here’s how I see it. You know the phrase “do as I say, not as I do?” Probably not the most fitting for this! Don’t’ get me wrong, those words have come out of my mouth a time or two. Or three. Ho... [More]
Encouraging positive and responsible money habits in your children's minds is arguably one of life's most important lessons. The sooner children start learning about the "value of a dollar," the better. However, kids don't have to know how to count to be introduced to and taught about money. Luckily, with today's technology, there are many ways to make learning about money fun for kids of any age. Read on for some quick tips to make learning about money fun.
1) Use Cash Yourself
Try not using a ... [More]
Let's face it - putting money in a savings account isn’t exactly the most exciting thing to do with your hard-earned cash, even for adults. If you find it difficult to motivate yourself to save, imagine how kids feel about saving. Here are some tips on how to help motivate your kids to save money and become financially responsible individuals:
1) Give your kids a weekly allowance and help them set a budget.
Have your kids agree to an amount that they should save weekly and ... [More]