School is starting…a great time to begin those critical money lessons! Below is a part of the great interview I did with the talented team at TheEverymom.com. Here’s the link to read the full article: TheEverymom.com – “What You Need to Know About Talking to Your Kids About Money”. Enjoy!
Summer is a great time to build your child’s money savviness. Here are 6 tips to help you take advantage of the slower pace of what’s left of summer to help your child learn more about money:
1. Teach choice. Introduce the four choices for money (save, spend, donate and invest) to your child this summer using a divided bank like our Money Savvy Pig or a set of jars – one for each money choice. These visual reminders of the choices a child has each and every time they have money to work with will teach them that there is more to do with money than just spend.
In 1999, my husband Michael and I started Money Savvy Generation to help teach kids about money – starting in our daughter Allison’s first grade classroom. Now in her twenties, Allison is putting into practice many of the money tips I shared with her growing up. I asked her what advice and tools she values most now as a working adult. Here is her response – in her words – and a link to a video with my top 5 money tips to help you teach your own kids about money. Enjoy!