What Is a Budget? (For Kids!)

What Is a Budget? (For Kids!)

πŸ§ πŸ’° What Is a Budget? (For Kids!) πŸ‘¨β€πŸ‘©β€πŸ‘¦ A Note to Parents Now that your child understands how to save and spend – and how to tell needs from wants – it’s time to introduce another key financial skill: budgeting. Think of budgeting as a simple plan...
Needs vs Wants: Helping Kids Make Smart Money Choices

Needs vs Wants: Helping Kids Make Smart Money Choices

Needs vs Wants: Helping Kids Make Smart Money Choices πŸ§ πŸ‘¨β€πŸ‘©β€πŸ‘¦ A Note to Parents As your child becomes more familiar with saving and spending, the next step is teaching them how to tell the difference between a need and a want. Understanding this difference builds...
Save or Spend? Helping Kids Make Smart Money Choices

Save or Spend? Helping Kids Make Smart Money Choices

Save or Spend? Helping Kids Make Smart Money Choices πŸ‘¨β€πŸ‘©β€πŸ‘¦ A Note to Parents Once your child starts receiving a regular allowance and learns that money can grow (thanks to the magic of compounding), the next natural step is helping them decide what to do with their...
The Magic of Compounding

The Magic of Compounding

πŸ§ πŸ’° The Magic of Compounding – How to Explain It to Your Kids πŸ‘¨β€πŸ‘©β€πŸ‘¦ A Note to Parents Compounding is one of the most powerful forces in finance – and one of the hardest to appreciate without seeing it in action. For kids, it’s like magic: the longer...