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Spring Break Ideas

Cheap Fun Things to Do With Kids This Spring

Money Management / By

The weather has been cold for the past couple of months, and your family probably had to stay inside. Finally, it’s time to get out in the sun again. Don’t let your kids be bored during this spring, because there are so many creative activities you can do together as a family. Just a little planning is needed to keep your kids engaged. You already know how much it costs to raise a child, so we have prepared cheap fun things to do with kids this spring. All of them are great for family bonding and spending some quality time together, and some of them are also educational.

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Teach Your Kids Finances

Teach Your Kids About Money Management

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Learning to manage money is an essential life skill that impacts every stage of a child’s development. Children can begin to understand the role of finances in family life from a young age.  Age-appropriate lessons can help them become financially literate and prepared to handle income and spending as they become young adults. Here are some ways to train your kids how to manage money.

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Teaching Kids about Money

How to Teach Your Children Sound Financial Principles

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When children begin receiving money on a regular basis is the best time to start teaching them financial principles. Some kids are given cash or investment certificates by family members for their birthdays and holidays. Allowances may be allocated based on kids’ ability to handle certain chores around the house, like making beds, washing dishes, or dusting furniture. Teens often get part-time jobs while still in high school. Teaching them how to be responsible with earnings will provide key principles for future financial health and success.

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Kids and money

How to Help Your Teens Learn to Save Instead of Spend

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Teenagers are in the middle of big life transitions. It can be hard to be a teen in the modern age. Peer pressure is a major issue among the young crowd. Teens often feel pressure to purchase all sorts of things. If you’re a parent who wants to encourage your youngster to save money, then these strategies may come in handy for you. It’s important for teens to learn early about the value of saving.

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Financial Planning for Parents

4 Financial Planning Tips for Parents

Money Management / By

Having a baby on the way requires a huge amount of planning. You have to plan all your doctor’s visits, design your child’s room, and figure out how long you’re going to stay out of work post-baby. You might even be planning your meals or researching your childcare options. However, there is one area that many parents forget to plan for – finances. While financial planning might be the last thing on your mind with a new baby on the way, it is extremely important. After all, according to Time, it takes approximately $245,340 in total to raise a baby from birth to adulthood. That is a huge amount of anyone’s income and requires a great deal of forethought to do effectively. Follow these financial tips to ensure that you and your child have the best financial future possible.

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Teaching Children to Use Money Intelligently

Money Management / By

The world is a magical place for kids. It’s a place of astronauts, princesses, and wonderful adventures. To them, money is just a thing that Moms and Dads use when it’s time to go out for ice cream. That’s all well and good, there’s no need for kids to know how to refinance a home (yet), but kids are smart, and it’s important that they know how to use money wisely. The best way to show them, is by showing them how money works in their life.

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The Old Fashioned Way

3 Keys to Teaching Your Kids Financial Literacy

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Teaching kids how to take care of their money while they are still kids can help them become financially healthy adults. They must learn how to take care of their money, even if their school doesn’t offer classes in money management. You, as their parent, should teach them about the concepts of budgeting, saving, and spending. If you do, they stand a better chance of developing excellent and healthy financial habits that will benefit them well into adulthood.

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