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Kids and Money - Raising a Money Smart Child
Don't neglect to teach your children money management skills they need to succeed in life. They will thank you later.
Let face it - managing your finances is a necessary life skill. But when it comes to kids and money, most parents and educators neglect to teach children about the basics of money management.
Did you ever take a course in high school about budgeting? Saving? Investing?
Didn't think so. Sure, some of us took the accounting or economics class, but what we learned never prepared us for how to manage our money as an adult. Every step along the way, kids need instruction, and managing their money is no exception.
Money smart kids usually are raised with an allowance and go on to work some sort of job as a teen, whether it be babysitting, yard work, or McDonalds. Along the way, they learn the value of money in the real world, and need to be taught how to save cash and how to avoid debt.
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Consumer Debt Statistics
Learn the real and sobering truth on how many people are in serious trouble with debt.
Dave Ramsey's Baby Steps
Follow these easy steps to get out of debt and build wealth quickly
The Debt Snowball Method
Create an avalanche of debt relief and get rid of all your debt in about 8 years. Start the snowball going by adding 10% of your income to every payment.
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