Money Tips Monthly

Saving Smarts Saving money takes discipline. To make it a habit for life, teach your kids about saving as soon as they have a regular income—i.e. an allowance. Help them understand that all the money they receive is not for … Continue reading →

All About Allowance Experts agree that the very best way to teach money-management skills is to give your kids cash, along with control over how it’s handled. Allowances provide hands-on, real-world experience in managing money and teach decision-making, budgeting and … Continue reading →

Ages 15-18 Your teenagers will likely have money coming in from a part-time job. This is the time to open a checking account. Be sure they know how to keep records and balance their checkbook. Give your teens more responsibility … Continue reading →

Ages 11-14 This is an especially important time for learning about money. Your kids will have more cash now, along with the maturity to begin making decisions about how it’s handled. Give them control of the money and the room … Continue reading →

Ages 6-10 By age 6, you kids will be ready for an allowance. Begin to stress the importance of saving and help them set specific savings goals, such as a computer game or a new bicycle. Start a savings bank … Continue reading →

Ages 3-5 The time to begin teaching money-management skills is whenever your kids start showing curiosity about money. Start by explaining what money is. Money can be defined as anything a group of people accepts in exchange for goods or … Continue reading →

Money Talk Surveys show that less than 40% of parents talk to their kids about money. However, most kids aren’t learning financial skills in school, either. So how will your kids find out about money? Trial and error is a … Continue reading →