All tagged kids and money
How to Teach and Talk to Kids About Money
It's important to keep this mind especially when it comes to money. Money conversations must start at home. Parents and guardians must accept the responsibility of exposing their kids to money concepts before media and peers influence that money mindset. If there’s fear, secrecy or anger in the money conversations now, that can get carried over to adulthood.
How to Make Your Child a Millionaire Using the Child Tax Credit
In a few weeks, many families will start receiving an advance of the Child Tax Credit. This advance can mean having extra cash to help with raising dependents each month for the rest of the year. Alternatively, you can opt-out of receiving the advance payments and wait until you file your taxes next year to receive the full amount. If your income changes in 2021, there could be a possibility that you will have to repay a portion of the advance. You can head to this tool to make adjustments to the payments or other income info. Note: this tool will need to verify your ID so you’ll need to provide some sensitive information to do so.
It’s a good idea to have a plan for this money. If you have the means to and are fairly sure you won’t have major income changes to affect the payment, it may be wise to plan to invest this money for the sake of your child’s future.
In this post, we will review a few options on how you can invest the money you will receive.
Teach Kids Money Series: Educate Children About Entrepreneurship with Pongee Barnes
This week’s guest for our Teach Kids Money Series is Pongee Barnes of Little Owners. Pongee began her career in real-estate while in college. She is an entrepreneur and has co-written a series along with her sons all about kid entrepreneurship as a way to each financial literacy and entrepreneurship,
Teach Kids Money Series: Start the Money Conversation Early with Tasha Danielle
This week’s guest post in our Teach Kids Money Series is from Tasha Danielle of Financial Garden. Tasha is a CPA based in Michigan. She founded Financial Garden to help spread financial literacy for all ages. In her book: Amina’s Bracelet: A Kidpreneur Story, both parents and kids can learn about entrepreneurship. Tasha stresses the importance of starting the money conversation early before someone else influences your kids.
Teach Kids Money Series: Financial Literacy Begins at Home with Maya Corbic
This week for our Teach Kids Money Series, we have Maya Corbic, CPA, CA from Dinarii Financial Education Academy. Maya stresses the fact that financial literacy begins at home and that parents already have the basic knowledge to teach their kids the basics of money.
Teach Kids Money Series: The Importance of Finding Teachable Money Moments with Laurel Makowem
“Each day of our lives we make deposits in the memory banks of our children.”
This post in our Teach Kids Money Series comes from Laurel of Mothers Teaching Money.
I see financial literacy as a collection of skills and mindsets which when learned and practiced often enough become habits. A child is not born financially literate, they are raised by us their parents, families, communities and schools. There are literally hundreds of teaching moments every day that are brand new but often confusing for children. The parent is already occupied with the ‘moment’ so it won’t take any extra time to turn it into a financial lesson
How I Will Raise Money-Smart Kids (Not Spoiled Kids)
"How can we be the future if you're not going to teach us about money, which is our future?"
I don't have kids, so this will sort of be my manifesto for when I do. It will also serve as a snapshot of my thoughts at this point in my life. I know perspectives often change especially when there is an actual human being in the picture so I hope this helps me navigate how I want to raise kids that understand what money can do so that I may set them on a good financial path. These are my thoughts today. It could be different tomorrow as the world changes and I change. My husband's perspective and plans will be different. At some point, we will have to compromise as our goal, in the end, is to provide a good financial background for our future kids.