Tag Archives | Kids and Money
Pay kids an allowance

Should Parents Pay Children an Allowance?

My wife and I have started to get more serious about teaching our children principles of stewardship by providing opportunities for them to earn money and budget it with give, save and spend banks.  I’ve shared nuggets of financial wisdom with my 7 year old in the past, but she’s just now getting excited about [...]

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Teach Kids about Money

Five Ways Not to Teach Your Children about Money

I write today’s post for myself just as much as I do for readers as helping my children learn about money is something that is very important to me.  I feel I’m not always the best teacher so there is some conviction that comes with this post. Many people learn about money when they first [...]

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Kids and Money

Kids and Money: A Recent Credit Card Lesson for My Daugther

As you know from some of my posts, I am very open when it comes to discussing money issues with my children – especially my seven year-old, Ava.  Some of the things I have discussed with her include ways to save money, our monthly expenses and student loan debt.  Recently, the opportunity came in which [...]

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Kids Money Lessons

Kids Money Lessons in Earning, Giving, Saving and Spending

I’ve been more diligent about teaching my 6 year old daughter earning and other money lessons in the last few months. She hasn’t shown much interest in doing chores to earn money or even have money to buy toys until this year.  I think that has partly been because of her age and also because my [...]

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Teaching Children About Money

Teaching Children About Money: A Conversation with My Daughter About School Loans

My 7 year-old daughter, Ava, recently showed me why teaching children about money is so important even if we think they may not understand all that we are talking about. Ava just finished first grade.  During the last week of school, her school had Award’s Day for the students.  Ava got a gold medal (it [...]

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How Kids Can Earn Money this Summer

Summer will soon be upon on us and this is the time of year that parents start thinking about how kids can earn money.  The kids are interested in making extra spending money for their summer fun. It’s also a wonderful time for parents to help their children learn responsibility and a good work ethic.  Depending on [...]

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Are You Leaving an Inheritance for Your Children?

Isn’t it interesting how life’s bigger events seem to get people more serious about their finances such as leaving an inheritance for your children?  I know when my wife became pregnant with our daughter; all sorts of questions were raised. Will you stay home with the baby or continue working? How do we pay off [...]

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Show Them the Money | Teaching Teens About Money

What you are currently teaching your teens about money has everything to do with whether they will be in debt up to their eyeballs ten years from now. The teen years are the habit setting years – whether it’s snacking, studying or spending. These are the years when young buyers (and their parents) begin to [...]

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Facebook Tips to Help Protect Your Children’s Financial Future

As a public commuter I try to read or blog on my bus ride home.  On a recent trip home, I turned to an article in Money magazine.  The article provided a number of tips to help children make better moves on Facebook to avoid financial problems. As I read the article, I noticed the person in front of [...]

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Teaching Kids How to Give, Save and Spend Money

This is a post from Danny Kofke, Everyday Money Hero and author of “How To Survive (and perhaps thrive) On A Teacher’s Salary.” My wife, Tracy, is a stay-at-home mom to our two young daughters – Ava, age 6 and Ella, 3.  We don’t make a large salary so we have to be frugal with [...]

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How Young is Too Young to Start Teaching Children About Finances?

Have you ever wondered when you should start teaching your children about finances? Many college kids today get themselves into so much financial trouble – student loans, credit card debt, car loan, etc, because they have never been taught how to be wise financial stewards.  Those college graduates then come out with an average of [...]

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Can You Afford to Send Your Kids to Private School?

Sending our kids to a Christian private school is something we’d love to do someday!  Can we afford private school?  Unfortunately, I would have to say the answer is no at this point in our lives. Certainly all tuitions differ in cost and it depends on the school and location.  I recently checked into kindergarten [...]

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