by Stoffel | Apr 29, 2025 | Financial Literacy
πΈ Where Does Money Come From? (And Why It Doesnβt Grow on Trees) π¨βπ©βπ¦ A Note to Parents By now, your child understands how to save and spend, spot needs versus wants, and even make a mini budget. Now itβs time to talk about where money actually comes from – and...
by Stoffel | Apr 25, 2025 | Financial Literacy
π§ π° What Is a Budget? (For Kids!) π¨βπ©βπ¦ 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...
by Stoffel | Apr 16, 2025 | Financial Literacy
Needs vs Wants: Helping Kids Make Smart Money Choices π§ π¨βπ©βπ¦ 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...
by Stoffel | Apr 8, 2025 | Financial Literacy
Save or Spend? Helping Kids Make Smart Money Choices π¨βπ©βπ¦ 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...
by Stoffel | Apr 5, 2025 | Financial Literacy
π§ π° The Magic of Compounding – How to Explain It to Your Kids π¨βπ©βπ¦ 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...
by Stoffel | Apr 3, 2025 | Financial Literacy
How Iβm Teaching My 7-Year-Old About Money – One Allowance at a Time When it comes to raising financially confident kids, few tools are as effective – and practical – as a simple weekly allowance. This week, Iβm starting an allowance system for my...