Don’t Outsource Financial Literacy
Don’t Outsource Financial Literacy Introduction: Why You Need to Understand Money In an age of digital convenience, it’s easy to assume we can delegate everything including our finances. Robo-advisors, wealth managers, banks, and fintech apps promise to handle...
Where Does Money Come From? (And Why It Doesn’t Grow on Trees)
💸 Where Does Money Come From? (And Why It Doesn’t Grow on Trees) 👨👩👦 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 it’s time to talk about where money actually comes from - and why...
What Is a Budget? (For Kids!)
🧠💰 What Is a Budget? (For Kids!) 👨👩👦 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 that shows kids how...
Needs vs Wants: Helping Kids Make Smart Money Choices
Needs vs Wants: Helping Kids Make Smart Money Choices 🧠👨👩👦 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 👨👩👦 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 - How to Explain It to Your Kids 👨👩👦 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 your money sits and...
How I’m Teaching My 7-Year-Old About Money – One Allowance at a Time
How I’m 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, I’m starting an allowance system for my 7-year-old son....
The Importance of Financial Literacy for Kids
Why Kids Should Learn Financial Literacy Early Introduction Financial literacy is one of the most critical life skills a person can possess, yet it’s often overlooked in traditional education systems. Teaching kids about money from an early age is essential for...
Disclaimer
I am not a qualified licensed investment advisor but a private retail investor with a broader interest in financial literacy. All information and content provided here, including any thoughts and ideas, opinions, forecasts and predictions, suggestions, or investment picks expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, or other decisions made on the basis of any information found on this site are executed at your own risk.
StoffelWealth.com is my personal blog focused on retail investing reflecting my personal views. No representations or warranties are made with respect to the accuracy or completeness of the content of this entire blog, including any links to other sites. The links provided are maintained by their respective organizations and they are solely responsible for their content. All information presented here is provided ‘as is’, without warranty of any kind, expressed or implied.