Opening a bank account for your kids and becoming a joint account holder is a great way to teach kids basic money management skills like budgeting, saving, and setting long-term financial goals. We round up the best checking and savings accounts for kids under age 18.
Although an allowance can start teaching kids about money and finance, they can learn even more from earning money in a small business. Younger kids, of course, need opportunities that are safe for them and fit their skill levels. Here are several great small-business ideas that are fit for kids.
For parents who want the best possible education for their children, the choice between private school and public school is a tricky one. Both have their costs, but which is actually higher? And when you compare the benefits of private and public schools, are they enough to justify the costs?
Most teens look for their first job at the local burger joint, in the mall, or with some other local business. But getting an entry-level job is not the only model. Another, arguably better, choice is to encourage your teen to start their own business. Consider these small-business ideas for teens.
As a parent, you have wide latitude to teach your kids the value of money and instill sensible money habits. If your kid isn’t among the many already socking cash away for a rainy day, you can take these commonsense, age-appropriate steps to raise their savings game.