All tagged money smart kids

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.

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: 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 To Prepare Your Kids to Have a Solid Money Foundation Post Pandemic

“Do not confine your children to your own learning, for they were born in another time.”

With many households experiencing economic hardships, it’s more important now more than ever to have money conversations and teach kids the basics of financial literacy. Times are different and it’s very easy for kids to be influenced by social media and their peers without truly understanding the consequences of their actions. Kids who grow up without a proper financial foundation may grow into adults who fear money leading to inaction or bad decisions, furthering a cycle of bad money habits.

So what can we do?

The good news is that parents can start money lessons at home. To help you, we’ve rounded up some resources from financial educators who specialize in teaching parents AND kids all about money. There’s no shame or blame in financial education. If you are learning new money concepts along with your child, then let it be the case.

4 Books to Help You Talk to Your Kids About Money

Talking to kids about money does not make money hungry kids.

I’ve been doing a lot of reflection lately about where I first started to learn about money and how best to talk to others about money. I’ve also been doing a fair amount of research and found a few books I thought were worth mentioning if you are a parent or an adult that is looking for ways to talk about money to your kids or your students. The reality is that the money conversation should start at home. It think it is the responsibility of the parent to expose kids about money concepts, otherwise, media and peers will create money influences that may lead to a distorted money mindset later on.

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.