Helping kids appreciate money
Teaching kids about money doesn’t have to be a difficult task if you simply build the process into your normal day-to-day activities. You can start the process with children as young as two years old. Here is an age-by-age guide to teaching money milestones to kids.
Read MoreThere are plenty of opportunities out there for your child to earn a buck or two.Depending on their age, the opportunities just grow as their skills and maturity grows.The key is to put together a plan of action and then do it!
Read MoreNow is the time for teens and college students to begin researching jobs and submitting applications for seasonal employment. In fact, spring break is a perfect time to start looking for seasonal work. Here are some tips to help your teen or college student find a job this spring or summer.
Read MoreAccording to Lewis Mandell, a professor of finance at the University of Washington who recently studied more than 50 years’ worth of allowance research, “The kids who receive [a regular, unconditional] allowance tend to think far less about money in general.” He also said “Those children appear more likely to grow up to be ‘slackers,’ since they aren't learning to associate work with money.”
Read MoreIs your child a budding entrepreneur? Read about Cameron Herold who coaches and mentors young entrepreneurs and how to spot if you might have one in your own home.
Read MoreHave you heard about The Innovative Kids of America Project? It is a new concept designed to inspire, excite, and provide kids ages 5 through 18 with a real life opportunity to start their own business.
Read MoreBlack Friday and the holidays are right around the corner, and teens and college students are preparing for their break from academics. Here are some helpful tips for seeking seasonal work.
Read MoreAlbert Einstein called compound interest the “eighth wonder of the world.” Compound interest works like magic, with your money constantly feeding on itself to grow larger and larger. How does it work? It’s easy really. Interest is earned and paid not just on your principal, but also on all the previous interest earned. Your total balance grows faster and faster without you doing a thing!
Read MoreWe get many testimonials on the ease of use of FamilyMint, so we're very careful about adding features that add complexity that may not be used by a large portion of our user base. Many FamilyMint families have indicated that they actually prefer to track chores manually / outside of an online application. The chore tracking and maintenance implementations we've seen online are anything but simple, and in our estimation, actually seem to cause more work in the end vs. simple manual methods. This is one area where technology hasn't yielded a better result.
In line with keeping things simple... we thought we’d share what we do personally in our own families in hopes you might find it useful.
Read MoreOne of the best ways for children to learn the essential life skill of money management is for them to earn and be responsible for their own money. The following are some great money making ideas for children and young adults. Keep in mind that some of the suggestions are better suited for older children while others are suitable for younger children.
Read MoreEarning money is vital to a sound financial future, and with our minds turned towards the celebration of Labor Day, what better time than now to help kids get in touch with their inner entrepreneur as early as possible.
Read MoreIt's the first week of April and summer is still a couple of months off. There's plenty of time to start looking for that perfect summer job. Or is there? Hiring managers are confident they’ll need summer help and they are filling temporary positions earlier—as in right now.
Read MoreAdam and Matthew are serial entrepreneurs and have boiled the subject of kids starting businesses down into 60 short and enjoyable pages. The look and feel is like that of a fun, colorful scrapbook rather than boring business book. I would definitely recommend it for parents with kids between the ages of 7 and 14.
Read MoreIt feels great when your kids earn their first paychecks in their coveted summer jobs. Their first instinct might be to rush out and spend away. But what happens when school starts? The money is long gone. The best way to make that money last through the year is to set up a budget.
Read MoreEven adults can be put off by the complexities of the stock market, but with smart investing, the long-term rewards can be great, and getting started early helps build experience, confidence and financial savvy that will stand children well throughout life. The key in getting kids interested in stock investing is to follow the K.I.S.S. principle, Keep It Simple Sweetie.
Read MoreFinancial markets are a driving force in our world, so having a basic understanding of how they work is essential to becoming truly money-smart kids. If it weren’t for the stock market, companies would be limited in developing products and services that help improve our lives; such things as life-saving medicines, energy-saving wind power, enjoyable movies and games, etc.
Read MoreAre your kids looking to make few extra bucks this summer for a new bike, camp, vacation or just to sock away the savings? There is no better time than summer to encourage your kids to be creative and earn some extra money around the house or around the neighborhood.
Read MoreDespite the down economy, there are several ways parents and teens can work together to save for college without taking out a second mortgage or losing the house.
Read MoreOur nation was built upon the entrepreneurial spirit. Instead of seeing your kids fill out application after application in a highly competitive market, why not have them put that energy toward creating opportunities of their own?
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