Teaching Kids About Money: Activities, Tips, and Children’s Allowances

Elroy Mariano

Money and Kids Your Child, Your Money, and Online Auctions Your Child, Your Money, and Online AuctionsTo Bid or Not to Bid?The toy section of eBay reads like a Christmas list, and for consumers of all ages, this is an irresistible way to make a purchase: Place a bid, then […]

  • Money and Kids

    Your Child, Your Money, and Online Auctions

    Your Child, Your Money, and Online AuctionsTo Bid or Not to Bid?The toy section of eBay reads like a Christmas list, and for consumers of all ages, this is an irresistible way to make a purchase: Place a bid, then bid higher, then hope against ho…

    Katy Abel

  • Allowance

    Allowance and Your Preschooler

    Allowance and Your Preschooler Before the age of four or five, most children have little concept of money and its function. Older preschoolers begin to understand its usefulness—and may want some of their own. Giving your four-year-old a smal…

  • Addition and Subtraction Printables

    Play Money

    Print this play money to help kids learn to count and manage dollars and cents! Cut out the realistic bills and coins for hours of math-related fun.

  • Money and Kids

    Providing Financial Help to Your Independent Child

    Providing Financial Help to Your Independent Child Your child is your child for the rest of his (and your) life. Just because he’s on his own doesn’t mean that you need to stop providing help and guidance. True, your abilities in this regard bec…

  • Money and Kids

    Loaning Money to Your Child

    Loaning Money to Your Child What if an advance on an allowance just isn’t enough to help your child out? For example, what if your teenager wants the latest electronic game platform that costs a few hundred dollars and he doesn’t want to wait un…

  • Money and Kids

    Advancing Money to Your Child

    Advancing Money to Your Child When a child gets $5 or $10 a week, it may not go as far as she likes. She may have to put some money into savings that you don’t let her touch, and she may be required to pay for some things on her own. This doesn…

  • Money and Kids

    Teaching Basic Money Concepts to Children

    Teaching Basic Money Concepts to Children As song writers Buddy DeSylva, Lew Brown, and Ray Henderson once said, the best things in life may be free—but most things cost money. Buying toys and candy, going to the movies, and renting video tape…

  • Earning Money

    Collecting for Fun and Profit

    Collecting for Fun and Profit Collecting has been around forever. People like to save things. The wealthy have been collecting antique paintings, porcelains, and furniture for generations. Today, however, collecting isn’t limited to the rich. It…

  • Money and Kids

    The Rewards of Stock Market Investment

    The Rewards of Stock Market Investment In the past four years, we’ve seen record returns of more than 20 percent annually in the stock market, as measured by the S&P 500 (explained in Understanding Financial Terminology). You know that today you…

  • Teaching Kids to Save

    IRAs for Kids

    IRAs for Kids Unless your child becomes an Internet mogul or hits the lottery, he probably won’t earn a million dollars in one lump sum. Still, he can amass this kind of fortune with very little effort. The keys to becoming a millionaire are st…

  • Allowance

    How Much Allowance to Give Your Child

    How Much Allowance to Give Your Child Piggybank on It Whatever your decision, your child’s sex shouldn’t have anything to do with the dollar amount of the allowance. Boys and girls should be paid the same (and statistics show that they generally…

  • Money and Kids

    Teach Kids to Diversify Their Investments

    Teach Kids to Diversify Their Investments When your child is saving her pennies in a jar, it’s probably a good idea to keep everything in one place. This way, she’ll see how her savings grow by looking at how high the coins rise in the jar. As y…

  • Money and Kids

    Teach Kids About Investing Their Savings

    Teach Kids About Investing Their Savings Savings accounts are Mickey Mouse investments: In today’s low interest environment, they pay only a very modest rate of interest. You can consider several alternative investments that pay interest as well…

  • Money and Kids

    Savings Accounts for Kids

    Savings Accounts for KidsMoney ABCs A deposit is an addition of money to your child’s account. It’s the opposite of a withdrawal. When I was in elementary school in New York City, we used to be able to bring in coins each week that we privately …

  • Earning Money

    Online Trading for Kids

    Online Trading for Kids Kids with an interest in computers and computer games probably read PC, Wired, EM2, and similar magazines. They see people in their 20s who were formerly called geeks but now are creating the fastest-growing Internet comp…

  • Teaching Kids to Save

    Teach Kids to Save Money for the Wish List

    Teach Kids to Save Money for the Wish List Did you ever dream about owning a Ferrari? Did you ever want to put a pool in your backyard (or even have a backyard to put one in)? An adult’s financial goals generally require a heavy savings commitme…

  • Money and Kids

    Teach Kids About Giving to Charity

    Teach Kids About Giving to Charity Piggybank on It If the dollar amount that’s appropriate for your child to spend seems too little to buy what he might consider to be a decent present, suggest that your child pool his funds with a sibling (when…

  • Money and Kids

    Setting Up a Budget for Your Child

    Setting Up a Budget for Your Child The purpose of having a budget is to set up guidelines for your child to follow in spending (and saving) his money. The budget isn’t binding or fixed in stone; no alarms will go off and no police will arrest h…

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