teaching kids about 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.

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.

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.

High schools with bank branches, ATMs and tellers to help students withdraw money? Can we trust teenagers with these just down the hall from chem lab? I gave it some thought last week when I went to pick up my cousin Cate, who I blogged about recently regarding her pondering the merits of public...

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...

Well, isn't this rich? Walt Disney World has opened a new attraction dedicated to teaching kids some rudimentary -- and I do mean basic -- lessons about saving money. Days after Walt Disney World slammed their parents by hiking gate fees at its water parks by as much as 15%, it gave kids another...

Janet Bodnar's article, Financial Milestones for Kids, has some good ideas for sequencing financial education from preschool through early adulthood. It's nice to see that many of us are thinking and writing about financial literacy for children. It's been a long time coming back. I particularly...