Tips Teaching kids to Save Money
Posted by admin in Kids Financial Education on November 2, 2011
Teaching kids how to save money is not easy because they do not mature yet and no have responsibility. But if you do not start from now, you will feel sorry later (this message for parents). Do you know how to teach your kids to save money? It is not just by showing them the money but from other behavior, such as:
- Do not spoil them with whatever stuff they want to. Even if they cry, let them, till they stop.
- Teach them how to clean their own bed and dish. If they refuse it, tell them if next time they want to eat again, there will no plate.
- Sometime, giving affectionate, it will work well
- Always give them complement if they do the right thing.
The Importance of Teaching Kids About Money
Posted by admin in Kids Financial Education on September 8, 2011
These days, too many people do not learn about money and finance until it is far too late. Americans now hold more debt than ever before, and this is at least in part due to the fact that many of us have had no financial education. Sadly, this has led to millions of cases in which individuals do not begin to get serious about their finances until they are in their 30s or 40s and already thousands of dollars in the hole.
The solution is obvious: give kids a thorough financial education, starting as early as possible and continuing until they are out on their own. Parents cannot rely upon schools to give their kids financial education, as most young people never learn about economics or finance until they are in college, if at all. Schools are not getting the job done, so it is up to parents to pick up the slack.
Financial Education for Children – Teaching Money Management Skills
Posted by admin in Kids Financial Education on September 7, 2011
Isn’t it an irony that we teach our children to read and write but disregard the importance of a financial education for them? Isn’t imparting and teaching money management skills and knowledge to our children just as important for them to be ready to face the reality of the real world we live in?
Due to the ease of obtaining credit cards these days, there are now more reports of youths in their twenties and early thirties in position of debts than ever before. It is due to such a scenario that it is imperative that children of today are taught to be financially literate with the right money management skills.