All posts tagged Teaching Kids about Money

Teaching Kids About Money TWITTER PARTY

Teaching Kids About Money TWITTER PARTY

What do we need to teach our kids about personal finance NOW when they are still too little to credit card or handle a checking account? And what about do as I say, not as I do? What if WE don’t have great personal finance skills ourselves? Does this mean our kids are doomed to a life of poor financial management?

I remember when I graduated from college and was trying to be responsible. I paid my credit card bill monthly — I didn’t pay it off but I made a payment. But once I stupidly paid my bill a few days late but with a higher amount that normal thinking that it’s better to pay more off and that a day or two late won’t matter. Boy was I wrong!

Teaching Kids About Money

I also applied and received too many credit cards. I didn’t know carrying a multitude of credit cards actually lowers your credit score! Read more…

Teaching Kids about Money: Spend, Save, Donate

Teaching Kids Financial Literacy Skills

I want to teach my children to handle money responsibly so I polled the money-savvy moms that I know to get their take on allowance. I got lots of great advice, but I found Mom Friend Sheri’s advice to work for me: weekly allowance is based on their age (a dollar a year) and earning allowance is based on doing a couple daily age-appropriate tasks. Read more…