Family Archives - Page 6 of 9 - Homey App for Families
What Kids Learn from an Allowance
Many parents struggle with teaching their kids about money because they don’t feel confident about the financial side of life as it is. There are some households who immediately feel an allowance is the right answer. They want to ensure their kids get a weekly allowance based on a list of chores that have to be completed. Then there are other households who feel chores should be a part of the kids’ day to day life because they need to be taught responsibilities. There is no correct answer when it comes to providing your own kid an allowance or not, it’s all about what works best in your household to go along with your views on this subject.
Tips for Teaching Kids Responsible Spending
A big part of teaching your kids to be financially responsible is to practice what you preach. Kids learn by the example that you set. If you are not committed to spending responsibly and using good saving and money habits yourself, your children are unlikely to learn this skill. Here are some ways to help your kids learn the value of money in real-life ways.
Tips to Stay Consistent with Chores for Kids
As a parent, you may have a huge to-do list. You have the duty to juggle a career, kids, meal planning and many other things. Each day you vow to be better at remaining consistent with the daily chores that each kid has assigned, but the joy of life gets more overwhelming. There is a way to stay consistent with chores for kids and we are sharing a few tips so that you and the kids can have a weekly routine that can be counted on.
Fun Ways to Teach Your Kids How to Manage Money
Teaching kids healthy habits starts early and lasts their whole life. However, lecturing your child about the importance of money may not sound appealing to you or your child. Teaching money management doesn’t have to be dull. It can be quite fun!
Help Your Kids Avoid Hasty Money Decisions
You have it all figured out, the kids are earning their own money and saving it. You seem to have figured out how to guide your children towards determining what a need and a want is. The kids seem to comprehend basic financial tips, they have a bank account and are earning money on a regular basis. Then it happens, something arrives on the market and your kid is ready to spend all of that hard earned cash on something without thinking it through. There are ways you can help kids avoid hasty money decisions, but you may need to read these tips to assist in guiding you so that you and your kids survive this scenario.
Better Ways to Teach Kids How to Save for Christmas Gifts
Children have the unique ability to re-ignite their parent’s excitement for Christmas all over again, as they dream of Santa’s visit and jump at the thought of presents under the tree. However, with so much “want” kids experience this time of year, the concept of value and working for what you have can be lost on little ones. By having them save to buy their own gifts for friends and family, you can help re-instill those values at this special time of year. Some tips for teaching them ways to save on gifts are given below.
Why It’s Important for Kids to Learn about Banking Early
It’s important that you think about your kid’s financial future as well as their health. It seems a parent often focuses on one area of growth throughout their days of raising children. It’s easy to get consumed with the basic life skills that you must teach a kid, but we often neglect to think about the bigger picture. Kids need to learn basic money management skills from a young age and having a bank account will help them learn this skill.
Saving and Banking App for Kids
Teaching kids how to manage money is a vital part of parenthood but most often overlooked. As a means to help inspire kids to learn how to complete chores for money, Homey now released new financial literacy features. It allows parents to transfer kids’ chore earnings to an actual bank account to promote long term saving, enables kids to learn to manage their funds with the help of virtual saving jars, and offers families an adjustable system to track their chores and responsibilities.
Living in the City: Teaching Your Kids How to Use Public Transit Systems
Do you live in a large city? Do you not have enough time in the day to take your kids to school? Perhaps the city’s public transportation might be able to help you out. Teaching your children to use public transportation doesn’t just help you. It also helps them become more confident in themselves. However, it’s important to teach them the proper ways to use it, so they’re safe around others and so they reach their destination without issues. Here are a few ways you can instill these lessons in your children.
Don’t Let Your Kids Start a Lemonade Stand Until You Read This
For decades, youngsters have turned to the trusty roadside lemonade stand for a quick cash infusion when funds run low and the new issue of Superman is set to hit the local comic book shelves. As with everything else it seems, the world has changed dramatically. These days, by the time little Johnny or Suzie sells their first cup of the beverage, they’ve probably violated five different city ordinances and are in danger of being shut down by the local health department. It’s rough on a kid entrepreneur out there. Read on!