Budgeting for Kids – The Birds and the Coupons – #finance
Because younger kids and teenagers don’t pay bills, they understandably can't comprehend the value of a dollar. Cut to: them constantly asking their parents for money. Maybe this scenario sounds uncomfortably familiar and you give your kids money each time they ask. Unfortunately, this behavior doesn’t teach healthy money skills. Although your kids won’t be financially independent until the future, it’s never too early to start teaching them budgeting for kids and saving skills. 1. Look for loose change. Get a jar or piggy bank for your younger kids and have them collect loose change in these containers. They might…