Helping kids appreciate money
Using credit cards has its benefits, but not without risk and room for error. Credit cards may provide more opportunity, as long as you maintain good financial responsibility. The alternative — debit cards — have limitations that can help deter mistakes. The the advantages and disadvantages here...
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 MoreAccording to the National Retail Federation's 2013 Back-to-School Survey, families will shell out less than they did in 2012 for school gear, but still an average of $634.78 for clothing and shoes, electronics, and other school supplies. One-way parents can save money is by taking advantage of temporary tax breaks offered on back-to-school items.
Read MoreDo you think you know MONEY? How much does it cost to produce a penny? What's the largest bill ever produced? What's your money made of? How many people hold credit cards in the U.S.? Answers to these and many other money questions can be found right here.
Read MoreAccording to a study conducted by the Journal of Consumer Research, “People who set themselves ambitious goals tend to be more satisfied than those with lower expectations.” People set goals with two factors in mind: expectancy and value. ‘Expectancy’ refers to how likely you believe you are to succeed, and ‘value’ refers to how good it will be for you if you do reach the goal.
If you want to lure children away from the attraction of online play, keep in mind that kids respond most enthusiastically to internal motivation. Dr. Mark Lepper of Stanford University points out that internal motivation consists of the 5 C's: Challenge, Context, Competence, Control and Curiosity.
Read MoreYour children may be toddlers, preschoolers, or only in their elementary years, but it’s never too early to begin saving for their college. College is still a good investment in your child’s future. According to the U.S. Census Bureau, “people with four-year degrees earn nearly twice as much as those with high school diplomas.” Fortunately, there are many resources available to guide parents along the path of saving for college.
Read MoreSo, what does mom want for Mother's day? Who are the big spenders on mom. These and many more questions answered below. Happy Mother's Day!!!
Read More“I am reaching my goals," said one 5th grader in my class.” “I’d like to earn money for charity by doing extra chores,” exclaimed another. My students are reaching for things they normally would not have, if it weren't for FamilyMint. They now know how to fill out a check, take care of adding and subtracting from their register, and even "envelope" their money. As a teacher, I appreciate helping students brush up on money skills and vocabulary, as well as seeing how happy they are to spend a little time with parents around goal setting and financial literacy.
Read MoreDavid Fiske, a 5th grade mathematics teacher at Heritage Elementary school in Saline, MI, and his class have completed the FamilyMint Money Management Certification program. The program was generously sponsored by Bank of Ann Arbor. Mr. Fiske stated, "Real life application is important for student learning. This program gave my fifth grade students practical experience using a financial program which connected with the mathematics concepts that they learn in the classroom and provides a financial unit that is clear and user-friendly."
Read MoreIn today’s tight economy consumers are finding it crucial to be spend-savvy and creative in their holiday shopping. Following are some tried and true cost-cutting holiday shopping tips, as well as some new and innovative ways to save money this holiday season.
Read MoreHave you set-aside ample time to regularly sit down and have “money meetings” with your children to discuss their money habits? If not, why not start now? And in addition to a successful school year, your children will also learn life long positive money habits.
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 MoreParents are set to spend $688 in 2012 to get each of their children ready for the upcoming school year. That’s for clothing, supplies and electronics. Seems like a lot? That's nothing, online shoppers are set to spend $874, a 27% increase above the overall shopper average. Here are 5 really simple ways your kids can help you cut down on back to school costs.
Read MoreMost experts suggest that kids need a more interactive experience to learn things, obviously leveraging their desire to play video games. Your child needs quality time with a parent, and what better way is there than to use FamilyMint to learn about managing money and go through good books together and highlight what is important and what is not.
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 MoreIf you can explain and illustrate the power of compound interest to your kids, you are endowing them with the real vision of why saving money is cool; that when they put money away and leave it to its own mischief, it grows!
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 MoreOnce upon a time there lived a little girl who was loved so dearly, and it could be seen very clearly. Her name was Little Red Riding Hood, a girl so sweet and so good. Her parents gave her all the best, but did they truly prepare her for her first big test? She was popular and had many a friend, but unfortunately did not learn how to wisely save and spend.
Read MoreWith each choice comes a consequence. No amount of rationalizing or complaining will alter the consequence. If you pick up one end of a stick (choice), you also pick up the other end of the stick (consequence of that choice).
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