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Tag: Teaching Kids Financial Literacy

Counting Money at Family Math Night

Counting Money at Family Math Night

Back in the early 2000s, my husband and I joined forces, he as a software engineer and me as a teacher, to design a kids savings and money management software program.  We called it KidsSave.  In that program we included a fun way to teach kids basic money skills.  It was such a powerful tool that we decided to include it for free on our kids and money website. One of my favorite features of the KidsSave Money Counter is…

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Teachable Money Moment: Returns and Exchanges

Teachable Money Moment: Returns and Exchanges

The best way to teach kids financial literacy is in the context of their everyday lives. Here’s this month’s teachable moment: The season for gift buying and giving is behind us and we’ve headed into the season of returns and exchanges. Admittedly, not as exciting as shopping for great deals on presents, the mundane tasks that are required in order to effectively manage money need to be addressed for a solid financial foundation to be built. Enter receipt management. The…

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Teaching Kids the Price of Luxury – A Teachable Money Moment

Teaching Kids the Price of Luxury – A Teachable Money Moment

It’s our job as parents to provide food, shelter, and clothing to our kids.  But no where in the manual does it say that our little cherubs need to be clothed in the finest of linens. So the next time you’re out shopping with Junior, and he is just drooling over those $100 Lacoste shoes that “everyone is wearing”, remind him that you will always make sure his toes are dry and comfy, but your shoe budget taps out at ($60)….

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Teaching Kids Money: Embracing Mistakes

Teaching Kids Money: Embracing Mistakes

Nobody likes to make mistakes. They’re annoying, frustrating, and sometimes even embarrassing.  And they often make us feel like we’ve done something wrong.  Unless we change the way we think about them.  And when we do, we can discover that mistakes are one of the most powerful teaching tools we have. Consider your child being in charge of making a class poster for the school play.  He brings home the poster board and stencils and begins to work.  “Do you…

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Teachable Money Moment: Needs vs. Wants

Teachable Money Moment: Needs vs. Wants

Needs vs. Wants:  Let’s say you’re in the dentist’s office with your child and you’re waiting for your “turn”.  🙂  You pick up a magazine and start flipping through it. This is the perfect opportunity to play the needs vs wants game. By the way, this works best if you use a child-friendly magazine like Parents or FamilyFun. “Hey, look at this cool yo-yo. I like the designs on it. What d’ya think? Would they be a need or a…

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