Allowance is a fantastic way to teach kids about money, and money management. It gives them the opportunity to make some financial decisions for themselves. It also helps them learn the value of money. Money seems to grow on trees when it is someone else's, but when it is yours, … [Read more...] about How Much Allowance is the Right Amount?
Kids and Money
Helping Children Gain Money Management Skills
Helping your children learn the skill of money management is going to impact them for the whole of their life. Money management is not a skill you are born with. Thus, you need to teach your kids about it. Here are some of the ways you can do this:By example: This is the most … [Read more...] about Helping Children Gain Money Management Skills
How Will This Kid Ever Make It In The Real World?
In our Parents Anonymous Group we parents often wondered aloud how our children would ever survive in the real world: Will they be able to manage money? Will they learn to cook and clean their house? Will they manage to hold down a job? Will they get along well with others? Will … [Read more...] about How Will This Kid Ever Make It In The Real World?
How to Teach Children About the Importance of Money
With an ever growing problem of debt in this country, it is vital for us as parents to break this vicious cycle. We need to take the time to teach our children just how important money is and how they need to use it. If you want your children to be financially independent as … [Read more...] about How to Teach Children About the Importance of Money
Teaching Your Kid Financial Literacy
7 Things to Look Out ForWe live in an instant gratification society. We want what we want, when we want it. And if we don't have the means to get it, we'll come up with the means (usually using credit). Gone are the days of steadfastly saving every penny in order to make that big … [Read more...] about Teaching Your Kid Financial Literacy