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Tag: kids and money

Teachable Money Moment: Returns and Exchanges

Teachable Money Moment: Returns and Exchanges

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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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Scams and the Education of Our Children

Scams and the Education of Our Children

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Ryan just sent me this text message: “Do you think the people I gave money to this morning scammed me?” Ryan went on an early 8-mile run with a group of people this morning. On his way home, he stopped for gas. While filling up, he was approached by two very distraught females saying they had run out of gas. They asked if he had any money they could use to buy some gas. Ryan gave him all the change…

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5 Easy Steps to Teaching Kids Money the Brain Compatible Way

5 Easy Steps to Teaching Kids Money the Brain Compatible Way

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Turns out, we can actually teach in a way that’s compatible with our brain.   And when we do, interest level increases, retention improves, and confidence builds all leading to more complex learning.  That’s the conclusion of decades of research about how our brain works. The good news is, brain-compatible teaching is not that difficult to do.  It all begins with designing an effective learning environment.  Here are 5 easy steps you can take to create an environment conducive to…

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Kids and Bailouts

Kids and Bailouts

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As parents we want our kids to grow up to be independent, healthy, happy, and financially secure adults. Getting them there takes a lot of hard work.  But knowing what your goals are can help.  For example, is it one of your goals that your kids be responsible for making sure they remember to leave the house prepared? If it is, then bailing them out every time they forget is not going to get them there. If you rescue your…

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Teaching Kids the Price of Luxury – A Teachable Money Moment

Teaching Kids the Price of Luxury – A Teachable Money Moment

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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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