Psst! Your Kids Are Probably Spies!

In case you haven’t realized it yet, I thought you should know:  If your kids are anything like mine, they are probably spies.  They might as well have a direct line to the NSA. They’re always watching you, monitoring your movements, your spending habits, and your conversations.  They are profiling you.  It’s not because they have some nefarious plans to overthrow the household (well, they might, actually) but because it’s their job.  They are hard-wired …

Quarters at Dairy Queen: Teaching Little Kids to Earn Money

Eight years ago when we started our kids on a budget we had no idea what we were doing. We decided we wanted to teach our kids to earn money, but we really weren’t sure how it would all turn out.  So we pushed through and figured it out and, for the most part, it went really well. But our kids were 7 & 8 years old at the time.  Since then, people have asked …

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What Caused Me to Kill My Kids’ Allowance?

Last week we held our annual family meeting (details were given out in our June newsletter, which you can still receive by entering your email in the box to the right on our site), and I threw a surprise on the table that shocked everyone: I told them that there would be no allowance paid this summer. I’ll admit, it was a spur of the moment decision. Tracie and I didn’t talk about it before hand. I …

Unique Ways for Your Kids to Earn Money This Summer – Kid Businesses

Babysitting, lawn mowing and dog walking are all things that are commonly thought of as summer jobs for kids.  There are so many other ideas out there that get overlooked, especially for kids that are teens but not quite old enough to get job outside the home.  Summer jobs are a great way for kids to continue their financial education and to practice managing a budget. A weeks ago, Twin Cities Live, an afternoon talk …

Free Summer Fun? Here Are 8 Easy Ideas

It’s summer again!  Here are 8 easy ideas for some free summer fun: 1. Geocaching All over the world, people are hiding little treasure troves (caches) for you to find.  It’s free!  All you need is a cell phone with GPS — it can even be an old one with no service — and a list of local cache locations from geocaching.com.  You’ll also find detailed instructions there, as well as the rules and ethics of …

Why We Teach Kids About Money: Part Two

Just a few weeks ago, the new and revised copy of Investing in Your 401k Kid was released in paperback.  Yippee!  If you’d like a copy, you can snag one here. One of the additions we made when releasing the print version was to add a Preface.  We’ve commonly explained our reason for coming up with our kids’ budgeting plan as a way to teach kids about money, but there was another reason why we’re doing this …

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Why We Teach Kids About Money: Part One

Why we want to teach kids about money We’ve been at this now — writing, blogging, public speaking – for nearly two years.  I’ll be honest: it hasn’t been easy – but it’s been a great adventure.  Why am I having so much fun?  To understand that, you have to know more about why we’re doing this. Jimmy goes to the movies.  To get into the movie, he will need a ticket, which costs $5.50. …

Twelve Age-Appropriate Ways to Teach Kids About Money

Many parents find that talking to children about money is awkward, but it’s just as important to talk to your kids about money as it is to talk to them about the facts of life, choosing good friends, or the dangers of drugs. If you look back at your younger years and cringe at how you handled money, recognize the opportunity you have to help your children do better. Here are 12 age-appropriate ways to …

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Dogs Can Teach Kids About Money, Too

If you have a family pet, and kids older than seven or eight years old, it’s likely that you’re giving some of the responsibility for taking care of the pet to your child. This is a great idea – it not only helps teach a child some responsibility and compassion, but it also makes your life just a bit easier. For older teens, you might think of upping your game, for an even bigger payoff: …

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Chore Magnets – A Creative Chore Chart

We’re big fans of having kids do chores just as a way to “pull their own weight” around the house – but we’re also fans of having extra chores available to earn some spending money, or some other privileges.  Chore Magnets are a great way to get your kids motivated into taking on some bonus jobs around the house. Here’s how it works: Make a list of jobs you’d like done around the house.  Some …