Last month I shared some thoughts about the important role grandparents can play in helping kids learn good money habits with readers of The Skinnie.  Here’s a link to the article:  TheSkinnie-TeachYourGrandkids AboutMoney-2014_04_18

Enjoy!

When you think about money phrases your children need know, what comes to mind?  Adjustable rate mortgage?  Compound interest?  Minimum payment?  Certainly, all of those are things your kids will need to understand at some point. But first they need to learn some others:

1. I don’t know.
2. I need help.
3. I made a mistake.
4. I’m sorry.

And they need to do more than just learn those phrases. They need to become so comfortable using them that they become instinctive responses when they are faced with financial decisions, such as whether to choose an adjustable rate mortgage.  I’ll take them one at a time and show you what I mean:

1. I don’t know. Continue reading

Love this review of the Money Savvy Pig bank on the Mail4Rosey blog…AND loved reading the overwhelming response in comments and tweets too!   Here are just a few comments from her post that were just too good that I had to share them:

“Wow! It holds $300 worth of coins? That is amazing. I love that it has the different sections for the different ways you should divvy the money. I agree with you that they aren’t too young to learn how to spend, save, invest and donate. If you start early it will be a habit early!” – K Miller

“What a great little saving tool. Obviously as a financial professional I love anything that gets kids into the habit of saving at a young age! :)” – Lanaya Continue reading

Just had to share this amazing, comprehensive review of our Money Savvy Kids @ Home Kit by respected homeschool reviewer, Cathy Duffy.  Thank you, Cathy for testing the home curriculum and sharing with others!

Cathy Duffy Reviews:  Money Savvy Kids @ Home