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Tips on Giving an Allowance
An allowance is a great means to teach children how to manage money, develop budgeting skills and encourage independence. By giving an allowance and giving the child the responsibility to pay for the things they want and activities they like to do, it helps them see money is a limited resource and they must budget it wisely.
Five Ways to Cut Teen Summer Travel Costs
After months of saving, many teens anticipate spending part of their summer traveling with friends. However, it’s important for teens to plan trips as wisely as they save for them. Whether it’s an overnight camping trip or a week on a coastal beach, smart planning is equally important to financial success.
Giving Back, Putting Money into Perspective
Giving back teaches your child the skills of being able to do more with less. This lesson will roll over into many aspects of their lives, including a true understanding of financial needs and wants. The better they understand this difference, the more likely they will make smart financial decisions as they get older.
How to Start a Nest Egg
Today’s parents can set the same example for their kids, who are bombarded with all sorts of expensive, “must have” electronic gadgets du jour. No matter how your child earns money, teach her how to save it, if only as a stepping-stone to bigger and better down the road.
Testimonials More Testimonials
Sandy K. – Ann Arbor, MI
I am a 5th grade teacher at Burns Park Elementary in Ann Arbor Michigan, and had the pleasure of using Family Mint with my 5th graders. I used it as a way for each child to create academic and social goals for themselves. We had whole class goals as well as individual goals.
Hope A.
While we were shopping, he knew exactly how much money he had and what he could spend it on. It was wonderful!
