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!

What You Need to Know About Talking to Your Kids About Money | TheEverymom.com

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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.

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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!

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Last year we heard from one of the Washington State elementary school teachers teaching our Money Savvy Kids curriculum, about how her third graders decided as a class to donate the money in each of their individual Money Savvy Pig bank’s “donate” chambers to the local homeless shelter.

That felt like a big deal to me when I heard that. These young kids were making the connection between the act of donating and real impact. Imagine the sense of empowerment – pride – they each felt as they gave money they had saved to help others. A third-grade student helping the homeless. A third-grade student who learned that the money they had to give was enough to make a difference.  That’s powerful.

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