Posts for November 2010

Anon

Yikes! We LOVE family mint – the website is so easy for my kids to use, big plus.

The fact that it does automatically what I haven’t been able to find the time to organize on my own. I’ve been meaning to set up a spreadsheet like this for several years now. This has a much nicer format for all of us and includes the goal setting option and pays interest and does matching of funds.

My teenager has control of her money, but I don’t have to drive to bank!

I love how my kids can feel serious about handling their money.  I take it and then put it in their real bank account so they earn double interest from me and the bank.  I love Family Mint!!  It has been the best invention on the Internet since ever!!!!!!!!!!!!!!

It has helped in many ways, but one of the most unexpected is in discipline.  I now have an easy way to levy fines for behavior that I wish to correct and it has become very effective.

Flexibility to set it up so that it works for me instead of me having to work with it. I love the ability to make automatic allowance each week instead of having to remember to do it myself. Also I love being able to lock certain accounts.

I value that it is easy to use and change.  Thank you for creating this for us!

Teaching Kids to be Money Smart

By Bob Masterson

Creating money-smart kids doesn’t happen overnight.  It’s a skill and a behavior that has to be nurtured over time.  The skill lies in learning the value of saving, giving, and spending conscientiously and understanding the difference between wants and needs.  The behavior comes from the habits formed in doing these things over time and learning from mistakes.

The earlier you start your child on this journey, the better.   Children quickly grasp the concept behind spending money and soon their appetite for things can be insatiable.  How can we best instill in our children the value of money and living within one’s means?

This is just an excerpt from an article FamilyMint recently had published in The Old Schoolhouse Magazine entitled “Teaching Kids to be Money Smart”.  Click here to read the rest of the article.

Copyright Teaching Kids to be Money Smart © 2011. All rights reserved