Be proactive when your kids ask for money; they are ready to learn
Here's a multiple choice question for parents. What do you say when your kids ask for money? A. Why do you need money? B. Do you think money grows on trees? (What our parents might have said.) C. You just want money so you can go spend it at the mall,...
read moreWhy parents avoid the money talk with their kids
Parents are more comfortable discussing sex, bullying, drugs, death than money. This, according to a T. Rowe Price survey, shows that talking about money is a challenge. Why do parents avoid the money talk with kids? Parents think they need to be experts With the...
read moreGenerations have different money and financial attitudes
Currently there are seven living generations on the planet. The oldest are nearing their 100th birthday. At one time writing a check was almost high-tech. Those in the youngest generation are just starting school and may never write a check or even have a paper...
read morePiggy Banks Can’t Teach Kids About Debit Card Spending
A piggy bank does not help our kids learn how to spend money they can’t see or touch. Kids see debit card spending at the store, but do they have any idea what you are doing? Using a debit card is like cash spending without cash. Unlike getting cash from an ATM,...
read moreWhy kids think that an ATM is a magical piggy bank
Kids think an ATM is a magical piggy bank. Many kids believe this as early as Kindergarten. One bank survey showed that 40% of 5-year-olds believe you use a plastic card to get free money from a machine. Why is this? Kids believe what they see. For many their earliest...
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