financial literacy Archives - Page 2 of 3 - Homey App for Families
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.
When To Teach Your Child About a Will and Inheritance
There are different types of strategies to help make your children more responsible, but while teaching them about will and inheritances isn’t a common or talked about matter, it can still be beneficial.
What You Should Be Teaching Your Child About Mortgages
As your children continue to age, it is vital to start familiarizing them with critical financial concepts that will impact their future lives. One area that you should consider educating them in are mortgages and how they can help someone to buy a home. There are several tips that someone can follow that can help them to teach their kids more about mortgages, and set them up for financial security for the rest of their lives.
How to Include Kids in Household Budget Plans
You may have grown up in a household where kids were not a part of the everyday budget planning. Back in the day parents were more private about financial matters, but I’ve found that involving kids at an age-appropriate level with household budget plans helps them become financially savvy adults. While I’m not telling you to divulge all your household finances, perhaps there’s a middle ground where you can include kids in the household budget plans. Today we’re sharing some tips on how you can include the kids in this process so that they have stronger comprehension skills when it comes to money management.
How to Encourage your Teen to Save Money
It may seem like a difficult challenge to teach your teen to save money. The teen years are certainly full of new challenges and most parents aren’t quite sure how they will survive. Reality is, every parent before you survived the teen years just fine, and I’m sure that you will too. One of the things that teens are starting to navigate on their own is money. With all the spending possibilities on offer right now, teens might not have much interest in saving for the future.
Today I want to showcase a few simple ways you can encourage your teen to save money so that they learn to be financially savvy adults.
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 Get-Rich-Quick Strategies Are, and Always Will Be, a SCAM
Remember when you were a kid and your parents got out the credit card to pay for something? It was like magic — instant wealth that could be yours as soon as you got a piece of plastic of your own. Throughout history, scammers have taken advantage of this childlike wonder to convince people of strategies which seem to make quick and easy money. Immunize your children against get-rich-quick and too-good-to-be-true deals by teaching them what to look out for.
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!
5 Things to Make Kids Buy for Themselves
Every parent quickly realizes that learning to say “no” is a big part of raising kids, especially when they’re constantly asking, “can I have this?” While giving in to some requests is reasonable, always saying yes can result in kids not learning the value of a dollar. If you’re interested in teaching your children financial literacy, then having them pay for things themselves is a great lesson. What should they buy? The examples below are reasonable things they can foot the bill for.
Five Tips to Teach Kids About Budgeting Without Breaking the Bank
One of the most important lessons to teach your children is about how to handle their finances.
But teaching them to budget can be difficult, especially if you don’t have enough yourself to provide your children with a regular allowance that would enable them to learn to manage their own money.
Here are five tips to still teach your kids the basics of this necessary life skill without a weekly allowance.