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Tip of the Day April 18
Teach kids that there are three things we can do with money: spend it, save it, or share it. Help your kids create Spend-It, Save-It, and Share-It banks and help them keep track of how much they are contributing to each. Get more ideas in our webinar today >
Tip of the Day April 17
When you’re grocery shopping with your kids, explain why you’re choosing certain items over others. They may not get the full gist of comparison shopping, but they’ll certainly pick up that you’re taking the time to shop carefully.
Tip of the Day April 16
Let kids experience the joy of giving back by involving them in efforts that share money with others—like raising funds for disaster victims, purchasing socks to donate to a homeless shelter, or buying new children’s books for the pediatric ward of a local hospital.
Tip of the Day April 15
Play a classic board game that features play money as a family—The Game of Life, Payday, or Monopoly. You’ll have fun and your kids will get a feel for what it means to finance real estate or buy car insurance long before they do it for real.
Tip of the Day April 14
Provide incentive for your teens to save money by offering to match what they sock away. This works especially well when there’s a big-ticket item they have their eye on that will take some time and effort to finance.
Tip of the Day April 13
If your child blows a whole month’s allowance on a video game and can’t afford to go to the movies with friends, don’t provide a bail-out—even if it means sitting at home with a cranky kid on a Saturday night.
Tip of the Day April 12
Over dinner, ask your kids what they would do if they had a million dollars. What should your school do if it had an extra million dollars? What if your state government got the windfall?
Tip of the Day April 11
Has your teen recently started a part-time job? Many banks have “teen account” options that allow teens to make deposits and monitor their own cash flow—under the watchful eye of parents who have full access to transaction records.
Tip of the Day April 10
Three great phrases you can use to teach young children about money: “People have jobs that pay money,” “Buying means trading money for things,” & “Money can only be spent once.”