I wish my parents were more diligent in teaching me about money and being responsible with it. I really wish we had the technology that kids have today as well! There are no excuses for parents anymore. We really can teach ourselves and our children how to use our money wisely! I am thrilled to share something that I was recently introduced to: Tykoon. Tykoon inspires kids to earn with a purpose and take pride in their hard work. Earning is not an end - it's the output of their hard work to be their best. It is an incredible and very user-friendly tool that parents can use to teach their children about earning, saving, reward and more lessons for money. As a homeschool Mom of two, I found it to be fabulous. I was really impressed by how easy it was to set up and how it was fun for my eight year old. It did not make her feel like Mommy was teaching her. It was more like she was able to feel responsible and like a big girl. For my older teenager, it was a great way for her … [Read more...]
Teaching Your Children the Value of Money
I have to admit I was never one to save for a rainy day. I believed that money was meant to be spent. My motto was you can’t take it with you so enjoy it while you are here. I always had a job since I was a teenager, but I wasn’t taught to save money. My parents were generous and made up for any money I was lacking. As I matured and became a mother having a 401k, along with savings accounts, and paying my bills before the due date became as normal for me as cream in my coffee. Being diligent about my finances has no doubt paid off. Teaching our children at a young age the importance of saving and using their money responsibly is one of the best lessons we can pass on to them. Children learn about the dollar at a very early age. When we go to the coffee shop my 3 ½ year old understands that I have to pay for the brownie. She actually asks to pay for it by handing my debit card or cash to the clerk. If you ask her what do you do with a credit card at the end of the month, she will … [Read more...]
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