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Parents and kids and money

As parents, we understand the importance of literacy. We sit for hours reading with our children. However, children must be “literate” about money matters, too.

Learning how to think about money and manage it wisely is an equally important life skill. We must patiently help our kids “sound out” the many ways to control money. Our kids will learn by doing. Some lessons will be thrilling. Others will be frustrating, even painful.

In the end, we hope that our children will grow into financially responsible adults. The rewards are life-altering: living within their means, free from the anxieties of debt, and secure in their future.

This section will give you tips and tools for teaching money literacy – and help you assess your ability to model good financial habits. Read on!

Just for Moms

Keep costs down while celebrating the end of another school year.

While our gratitude is overflowing, our wallets may not be. Check out these tips for giving from the heart instead of your wallet.

Plan ahead and ask for help: Get everyone involved in classroom celebrations – donating a few dollars to cover costs, giving time to help organize events or donating supplies from home.
Pay it forward: Many teachers contribute school supplies on their own dime. Recognize this contribution and consider a gift card to an office supply store, book seller or other local retailer to help make the classroom a better learning environment for next year's students.
Enlist your children's help: For year-end parties, help your children prepare baked goods and make homemade decorations.
Get sentimental: Have your children hand-write cards to teachers, bus drivers or coaches with their favorite memory from the year or a trait they like most about that person.

For more money tips and ideas, visit our Parent Blog.