Helping kids appreciate money
Christmas is a wonderful time for us to show our thankfulness by giving to the ones we love. Here are 15 fantastic ideas for ways that your family can “pay it forward” this Christmas.
Read MoreGrandparents are well known for spoiling their grandchildren. Yet when it comes time for giving back to them at the holidays, it can be difficult to find gifts that are both affordable and meaningful. So, what do you get for the grandparents who may seem to have everything they need? Here are ten fun and creative holiday gift ideas for the grandparents in your life.
Read MoreAs you prepare for the upcoming holidays and gift giving, keep in mind that some of the most special gifts are not those that are purchased with money but those crafted from your hands, your time, and your love. Here are a number of creative and fun ideas for the whole family.
Read MoreTeaching kids about financial literacy is something parents should make a priority early in the lives of their children. Before they can take those steps though, parents should educate their children about the need for and benefits of money. Along those lines, they should also relate the importance of giving to others less fortunate. Charitable contributions—even little ones—can make a big difference in a child’s community, and they don’t always have to be monetary.
Read MoreThrough the act of giving, children start to build an understanding of needs outside of their own. They begin to learn about sacrifice and thinking of others before themselves.
Read MoreChristmas and birthdays are often a time when kids get a windfall of cash and gift cards. Should you let them run right out and spend it all? Whoa. Not so fast. An incredible teaching opportunity for your kids has just presented itself. Check out Bob's interview with Murray Feldman on Fox 2 Detroit about teaching your kids how to handle the gift of money.
Read MoreI'm giving my 6 year old a cell phone for Christmas. Whoa! Hold on. Let me explain. My daughter is really 6, and it's a real cell phone, but it's not going to have any cell phone service. I'm "repurposing" a gently used Android cell phone to provide a FREE and pretty darn sweet handheld gaming device for her for Christmas.
Read MoreGiving back teaches your child the skills of being able to do more with less. This lesson will roll over into many aspects of their lives, including a true understanding of financial needs and wants. The better they understand this difference, the more likely they will make smart financial decisions as they get older.
Read MoreAs parents, we have a responsibility to build our children into adults who don’t just cope, but thrive. A lot of it boils down to teaching them self control in making good daily decisions, including how they manage themselves – and how they manage money.
Read MoreA lot goes with that responsibility, but one key component is nurturing a charitable heart in your children. In all the reading I’ve done about teaching kids charity, most of the experts believe that this is one area that must be “learned,” so charity, it seems, does actually begin at home, as the saying goes.
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