Here’s a great short list of 5 apps to help kids (under 12) learn how to handle money – and our Savings Spree App made the list!

The TimesofLondon-Apps to help your child handle money-2013_06_17

“NEW STUDY CONFIRMS ADULT MONEY HABITS ARE SET BY THE AGE OF SEVEN YEARS OLD”*

I was frustrated when I read this headline that proclaimed that money habits are set in a child by the age of seven.  Seriously?  Seven?  So I contacted one of the co-authors of the study, Dr. David Whitebread of Cambridge University, and asked for the full study to see for myself if this was really true.  What I found out was that the headline was more provocative than the results – but not by much.

The actual study concludes that money habits can be shaped in children starting as early as age 4 as kids have the developmental abilities to learn good money habits.  And, by the age of seven, some core money behavior has indeed been established. Continue reading

No. No. No. Are we really having this conversation AGAIN?!?  I read last week that Justin Bieber is now promoting a prepaid debit card.  Seriously?!? 

Parents – step up here if this conversation comes up.  Run from products like these.  They only benefit Mr. Beiber – not you, not your child.

Here’s the article for those who are interested:

Justin Bieber Promotes Prepaid Debit Card – By Renee Morad,Yahoo Finance