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 money. Should they spend it now on something fun? Or should...
The Magic of Compounding
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 grows, the bigger it gets. Not because you keep adding more, but...
How I’m Teaching My 7-Year-Old About Money – One Allowance at a Time
Introduction Money skills don’t develop by accident. They develop through practice – and the best practice comes from handling real money, making real decisions, and living with the consequences. I started my son on a weekly allowance when he was five. Now that he is...
The Importance of Financial Literacy for Kids
Introduction My son's school teaches him algebra. What it does not teach him is what to do with money: how to save it, how to spend it wisely, or why starting early matters so much. I noticed the gap when he was about five and started asking questions I did not have...
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