• Kids and Money

    3 Fun Ways Help Your Preschooler Understand Money

    Is preschool too young to start talking to your kid about money? It depends on how you do it and what you cover. You can make learning about money fun by keeping it simple. Build your preschooler's money smarts with these 3 fun and easy ideas! Your preschooler is ready to start learning simple vocabulary and basic economic lessons- e.g., if you want to buy something you have to pay for it with money. Or, if you work, then you can earn money. Preschoolers are very literal, so the examples and experiences need to be very concrete.  First, if you haven’t read the article on talking to kids about money,…

  • Kids and Money

    Teaching Kids to Handle Money

    Kids and money. For most of us this probably brings up memories of spending the majority of your allowance on candy. Or that really proud parent moment when your kid threw a fit in Target because you wouldn’t purchase them a $45 Lego set...No? Just me? A 2013 University of Cambridge study showed that kids learn most of their money habits by age 7. So how do we teach kids to make good financial decisions?  Money Grows On Trees Let’s start with one simple premise: kids literally think money appears out of thin air. Why shouldn’t they? Think about it - they don’t see you work (unless you work at…