financial literacy Archives - Homey App for Families
How You Can Act Now to Secure Your Toddler’s Financial Future
Securing your toddler’s financial future can be one of the most important things you do for your child. It ensures that they have the financial means to support themselves later in life either because you saved on their behalf or because you taught them some important money skills. If you’d like to do more for your toddler’s future finances, here are some steps you can take.
Which Financial Institution Should You Start Your Child With?
Savings rates in the United States are abysmally low, and many Americans are just a few paychecks away from homelessness. While parents can promote saving money to their kids, oftentimes a positive banking experience early in life is the best way to promote smart money management.
4 Tips for Spending Money on Family Happiness
As a family, you may want to spend money from time to time on things that bring your family joy. Setting a specific budget that allows for expenditures on family happiness is very important.
If you have set up your household budget in a way that doesn’t allow for a little extra spending here and there, well then you should revisit your budget.
Today we are sharing 4 tips for spending money on family happiness. These ideas aren’t what you may have expected.
4 Critical Things You Need to Teach Your Children About Debt
If you want your kids to have a healthy financial future, then it’s important that they learn to make good decisions regarding money while they’re still young. By teaching your children about debt from a young age, they’ll learn to understand how to use good debt to better their futures instead of being caught in the downward spiral of bad debt.
How to Teach Kids about a Checking Account
While most people tend to use debit and credit cards for their daily transactions and bill paying methods, there comes a time for use of a checking account. If you’re old enough, you may recall being taught how to write checks and balance a checkbook. With the current state of technology, many kids are learning about electronic forms of payment and bank accounts rather than the old school checking account methods.
Teaching Your Child to Get the Most out of Their Dollar
It’s never too early to start teaching your child about money and the importance of one simple dollar. By the age of 4, most kids are playing with little cash register sets. Many of them are also doing chores for money, collecting coins in their piggy banks, and learning how to buy things. That’s why you’ll want to teach them early that they can buy as much as they can with just a couple dollars. Children who learn the importance of money at a young age take those values with them into adulthood. Here are just a few ways in which you can get your kid to start thinking about the value their dollar holds.
7 Things to Keep in Mind When Teaching Your Children Financial Literacy
A successful financial life does not just happen. Every parent must equip their child with the tools necessary to create a financially secure life. Below is a list of 7 tips that will help you teach your child responsibility. These tips will help your child to understand the value of work and how to get the most out of their money and life.
5 Ways to Prep Your Child for Financial Independence
Every parent wants their kid to grow up and be ready to go out and conquer the world. That involves making sure they are ready to get a job, be responsible and manage their money well. It’s not always in your control but you can help your child become financially independent with these 5 simple tips.
How Kids Can Help Save Money
While it’s great to teach kids to save money, it’s also pretty cool when you find ways that your kids can help you save money. We all have room for personal growth. And, as a parent, it’s evident that our kids bring about some major growth opportunities. Today I wanted to share a few ways in which kids can help you save money.
Board Games That Enhance Money Skills
Developing a confidence in financial skills within your children is not be completed overnight. This concept of teaching kids to be good with money, so that they learn to be financially savvy is a work in progress through all of their childhood. With that being said, there are many ways we can work with kids to help enhance their money skills. To have some fun with kids while educating them on money matters, you can try a board game night. There many board games on the market that enhance money skills, here are just a few ideas for family board game night that will help enhance your kid’s money skills.