4 Ways to Make Financial Literacy Work for Kids
Financial literacy is right up there with Mom and apple pie as an American ideal, but it's a challenge to figure out how to achieve it. Here's what the smart money suggests.
teaching kids about money
Travel Tips: How to Make the Most of Leftover Foreign Currency
When you come back from a trip with some foreign coins jangling in your pocket, they tend get discarded and forgotten. But rather than waste your hard-earned euros and yen, try these techniques to get some value out of them on your home soil.
Chores, Yes; Allowance, Maybe: Teaching Kids About Work and Money
The vast majority of parents assign chores to their children, but only about half give their kids an allowance. And among the allowance payers, just 21% tied the payouts to chores. Those who aren't paying allowances might want to consider it.
The Tough Conversation You Must Have With Your Teen
My 11-year-old son recently told us he wants to empty his bank account to get a new iPad. Apple shareholders will no doubt love seeing that. Me? Not so much. I have the burden of knowing what happens when you don't learn good savings habits early. In some ways, my enterprising son has to pay the price for my money mistakes.
My 5-Step Plan to Teach My Kids Real-World Money Skills
With little in the way of financial education in schools, most of us don't learn how to save and spend wisely until we're out on our own -- and then the process can be a painful one of trial and error. Here's one person's plan to start her daughters early on the path towards financial fluency.
