kids and money

Despite what you think, when it comes to your kids and money they're listening to you.. At least that's what a recent survey by Salem Five Bank, a community bank based in Salem, Mass., seem to suggest. Salem Five Bank, which I referenced in a recent post about setting up a savings account for your...

As a parent, you want to give your child a leg up on everything they'll have to take care of in their adult lives. Given how many people seem to be entrenched in credit card debt and juggling other personal finance issues, many parents want to teach their children how to handle money responsibly....

I have, as a parent and tooth fairy, been a victim of late bedtimes. By the time I've gotten my now-seven-year-old and his little brothers to sleep on the nights he's lost a tooth, then had time to decompress and think about it, it's been far too late to go out and get change. While some other...

Move over Webkinz, Pokemon cards and Kooky Klicker pens ... there's a new playground darling scooping up the allowance money. SillyBandz, simple, jelly-like silicone bracelets in a rainbow of colors die-molded into cookie-cutter shapes of everything from zoo animals and princess silhouettes to rock...

Here's an excuse for getting your house clean while being altruistic: Give your kids chores, and watch them learn the value of money. At least that's what the results of a recent survey seem to prove. The 2010 Charles Schwab Families & Money survey found that 53% of parents whose children had...

$37,782. That's the amount that the average American household spent in 2009, not including rent or mortgages, based on the How America Spends report just released by social comparison money site Bundle. The report, which makes use of U.S. government spending data and data obtained from Citi to...

Kids have built-in radar when it comes to detecting something that's supposed to be good for them, and educational games are definitely on the no-fly list. So, when I heard about The Great Piggybank Adventure, a free online game for kids ages 8-14, I have to admit I was skeptical. How is a...

Break out those art supplies and slap on your thinking caps, kids, it's time to doodle for dollars. The National Foundation for Credit Counseling (NFCC) has announced the 2010 theme for its annual "Be Money Wi$e National Financial Literacy Poster Contest" open to students in the third through...

After delivering four beautiful babies of her own, supermodel and Project Runway host, Heidi Klum, has designed two new maternity lines: Lavish by Heidi Klum for A Pea in the Pod, and Loved by Heidi Klum for Motherhood Maternity. The model mama is due to deliver her newest additions in stores and...

When it comes to allowances, kids and parents alike believe "everybody's doing it," ... everybody except them. The truth is, however, while some families do have their progeny paydays in order, most of us don't. We all want to teach our kids how to be financially savvy and responsible, but...