I may have to amend my position on those darn toy videos. A couple of months ago, my daughter became obsessed with a CleverKeet and saved enough to buy it in 6 weeks. Teaching kids to save for their goals is a lot easier when they have goals to save for.
Category: Money for Kids
Toy Videos are the new version of Saturday morning commercials. I was surprised when my kid realized they just were inspiring her consumerist tendencies.
If you want to raise a financially fit kid, start at the beginning. Make sure you are talking to your kids about money and financially savvy decision-making.
Our daughter had a choice to make: Where would the money for her giveaway jar go? Teaching a 5 Year Old to give charitably led us in unexpected directions.
Jon and I have always talked about running a charitable foundation when (HA!) we win zillions on MegaBall. I’ve always wanted to promote a financial literacy course for public high school students. What would the ideal financial literacy course look like? What would it achieve?
Custodial accounts come with extra hassles, like additional taxes and reduced financial aid. When are they worth the trouble? When you want to teach your child about investing.