Category: Kids & Money

Our pages on Kids and Money are designed to provide valuable information on teaching children about personal finance and money management. Within this category, we cover a wide range of important topics, including allowances, kids earning money, starting their own businesses, and saving money for your kids. Additionally, we offer a variety of teaching materials, games, and activities to help kids learn essential money skills, money management, personal finance, and other critical life skills.

Needs and Wants

Needs and wants, what is the difference? Understanding the difference, between needs and wants, is crucial to good financial decision making.   What is a Need? A need is a requirement, or essential item that is considered to be necessary for living. Examples   include shelter, food and water, and clothing. These are essential for a person’s … Continue reading Needs and Wants

Allowances for Kids

An allowance — a certain amount of money given on a regular basis — is a great way to get kids to learn about the value of money while also learning basic money management skills. Its also a great way to teach responsibility and discipline. Here we provide information on giving an allowance to your … Continue reading Allowances for Kids

Business Ideas for Teens

You’ve wanted to apply for a job for a while now, but just can’t seem to get excited over working down at Mickey D’s even though you love their fries. And you’ve babysat until you feel about two years old yourself. And the thought of working at the mall makes your head ache. Fortunately teens don’t have … Continue reading Business Ideas for Teens

Kids Starting a Business

Starting a business is a great way for kids to learn real life skills and build confidence. To help your child’s success, have them follow the basic steps involved in starting a business by business professionals listed below. That will give them greater confidence and a better understanding of what they will need to do be … Continue reading Kids Starting a Business

Teens: Finding Your First Job

If you’re a teenager looking for your first job, a good place to start is in your own neighborhood. Many of your neighbors may have routine odd jobs like mowing the lawn, babysitting, even light housekeeping chores that you’d be perfect for. You may also want to look into retail jobs, food services (yes, that’s a fancy … Continue reading Teens: Finding Your First Job

Ways for Kids to Make Money

One day, your child will need to earn a living. Kids can get an edge on the work world by starting early and in doing so they will gain valuable experience working with different people, learning about managing money, have some money to spend once they get older, or save for college. A lemonade stand, mowing … Continue reading Ways for Kids to Make Money

When is an Allowance more than just Pocket Money?

Pocket money used to be just that; enough money for a child to reach into his or her pocket to buy child-sized items when they were on a rare shopping trip. The purchased items would be a few trifles such as single sweets or a cheap plastic toy and the whole point of pocket money was to demonstrate the benefits of delayed gratification and good money management.