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

Recently I received the following money choice question from a parent:

My child will soon start to learn about money with the Money Savvy Pig. I would like to teach him that a percentage of each dollar goes into each category. Can you recommend a percentage for each category? I realize this is really a personal choice but would really appreciate your suggestions when considering what I would like to teach him.
Thanks for all you do!
Kelley

My response – a few tips Continue reading

My oldest, Allison, is a gifted writer.  Allison is a rising senior in college and a creative writing major. Her writing has been commended for her frank, sometimes touching and often humorous insights into her topic. I asked her to submit the tips below to a writer friend of mine and this was the result.  I liked hearing these novel tips from the “boots on the ground” so to speak – where her insights were learned the hard way and very personally – as I am sure you will as well.

8 Tips for Landlords, Renters in the Under-30 Crowd – Money Under 30