financial literacy Archives - Homey App for Families
How Families Can Secure Their Financial Freedom
Depending on how your finances are, you might hear the word money and immediately feel on edge. Even if you earn a good salary and own a home, you can be beset by serious financial troubles. When you have a family, it’s especially important to stay afloat now and in the far future. Keep reading for some ways you can make sure your family is in good shape financially.
Which Financial Institution Should You Start Your Child With?
Savings rates in the United States are abysmally low, and many Americans are just a few paychecks away from homelessness. While parents can promote saving money to their kids, oftentimes a positive banking experience early in life is the best way to promote smart money management.
7 Small Business Projects for Kids That Don’t Involve Lemonade
One of the most effective approaches for teaching your child about money is allowing them to earn their own cash. Setting up a small business can instantly provide lessons in budgeting, savings and investing. A lemonade stand remains a popular choice for kids, but the success of that kind of operation depends on foot traffic. Fortunately, there are some other effect business projects for kids to activate.
How to Teach Kids Good Spending & Borrowing Habits
Managing money isn’t a natural and innate skill, which can make it easy to make a lot of mistakes as an adult. For parents who want their children to learn good money practices, it’s never too early to begin teaching important lessons that they can utilize throughout their life. Here are a few ways to teach kids good spending and borrowing habits.
How to Teach Kids about a Checking Account
While most people tend to use debit and credit cards for their daily transactions and bill paying methods, there comes a time for use of a checking account. If you’re old enough, you may recall being taught how to write checks and balance a checkbook. With the current state of technology, many kids are learning about electronic forms of payment and bank accounts rather than the old school checking account methods.
Why Budgeting is the Most Important Skill to Teach Your Kids
As a parent, there are many life skills you need to teach your children: how to do chores, how to budget, and how to handle their time. All of these skills will come together to ensure your children are able to be productive, efficient adults. Keep in mind that no matter what age your children currently are, it’s possible to give them the skills they need to be self-sufficient adults.
5 Principles to Teach Your Kids About Financial Safety Online
In today’s increasingly wired world, children and are becoming internet-savvy at earlier ages than ever before. For this reason, it is essential to provide your children with the guidance needed to protect your financial security both now and in the future. Here are five principles to teach your kids about financial safety online:
How to Teach Your Children to Set Realistic Goals
As a parent, you should be encouraging your children as often as possible. They should be taught to dream big, but these should be attainable dreams. Ambition is a wonderful quality, especially when encouraged in realistic and safe ways. Here’s how to teach your children to set realistic goals.
Teaching Your Child to Get the Most out of Their Dollar
It’s never too early to start teaching your child about money and the importance of one simple dollar. By the age of 4, most kids are playing with little cash register sets. Many of them are also doing chores for money, collecting coins in their piggy banks, and learning how to buy things. That’s why you’ll want to teach them early that they can buy as much as they can with just a couple dollars. Children who learn the importance of money at a young age take those values with them into adulthood. Here are just a few ways in which you can get your kid to start thinking about the value their dollar holds.
Why It’s Important to Teach Your Kids About Saving For College
We have all heard it before, from the time we were children – you want to start saving for college early. When previous generations had children, they were offered to start bank accounts and trust funds for their children’s college education. Slowly but surely, this has faded out. Now, once a student graduates high school, they’re launched into the adult world and college, in some cases, can be utterly out of the financial question. This is why we are seeing more and more students take out student loans, and in many cases, these students aren’t even able to pay their loans off at a reasonable pace.