Earlier I shared my two cents on teaching your kids the value of money management. Since my son is only 19 months (pictured above), I don’t have much “real world” experience on teaching him the fundamentals of managing money. Sure, he can stick coins in his piggy bank all day long (actually a good tool to keep him occupied for a bit) and toss every cent out of daddy’s pocket in any fountain, but I don’t think there is any real lesson being taught there. Maybe one day, right? I decided to reach out to the personal finance bloggers to share their experiences with kids and money. If you are looking for a site that covers nothing but the topic check out Kids and Money. Great site with plenty of good info. Okay, let’s first start with some basic principles that anybody can implement.
- Educated Your Kids On Personal Finance
- Teaching Kids About Money
- 8 Fundamental Money Lessons for Kids
- Teach Your Children The Four Pillars of Money Management
- Teaching Kids The True Value of Money
Preparing For Your First Child
It’s so exciting getting the news that the first one was on the way. There were so many emotions that day; but, for anybody that has kids, you know that is just the beginning. If you were like me and clueless how to be get prepared for your first child, here’s some good reads to give you a good heads up. If these don’t help, you can always watch TLC or John and Kate Plus 8.
- Preparing Financially For a Baby
- How To Include a Baby in Your Financial Plans
- Babies Are Expensive! Total Cost of Having a Baby
The Baby is Here!
Remember those emotions I was talking about earlier? Wait until the big day that your child arrives. Reflecting back, I don’t know how I didn’t pass out. I have to admit, when it comes to all those birthing videos, I got kind of nauseous. Call me me weak, I know. But it seriously was concern of mine. I’m glad I have a wife that’s solid as a rock. Then when he arrived and I got to hold him for the first time it finally sinked in…..I’m a Dad! When the little runt finally arrives, here’s some good info to get you on track.
- Financial Strategies For Infants and Children
- How I Taught My Preschooler The Value of a Dollar
- A Mother’s Struggle Between Work And Kids
My Baby Is Now a Toddler
It’s amazing how quick they grow. One day there just laying in the bassinet cooing away, the next they are climbing on the fireplace jumping off for fun. When they start getting older is when you can start to lay the framework for strong money principles.
- Teaching Kids About Money
- Personal Finance for 3′s and 5′s
- Do Yourself a Favor and Tell Your Kids No
- Personal Finance for Children and Pre-Teens
- How To Teach Kids Compounding Interest
- Teach Kids The Value of Money with 4 Quarters
- Let Your Children Handle Your Own Finances
Lessons For Your Kids
Kids are a sponge soaking up everything around them. I remember a couple years ago I was behind a mother and her young daughter waiting to check out a department store. When it was their time to pay, the mother handed her daughter the department store credit card so she could hand it to the cashier. I’ll never forget that sight and how much it troubled me. It’s never too early to teach your kids to appreciate the value of a buck. Don’t ever take it for granted. Here’s some good tips to get you going.
- Make Your Child Resident Financial Guru
- What Does Your Kid Want For Christmas
- What Are Your Kids Gift Expectations?
- Five Gifts For Kids That Keep On Giving
- 10 Ideas To Help Teach Your Kids About Money
Your Child Is All Grown Up
There is going to be a day when I have to realize that my little boy is all grown up. First there will be high school, then his first car, and then off to college. Before I get ahead myself let’s come back to real time. Here’s a good collection of posts addressing when your “little one” becomes a “little adult”.
- How to Teach Personal Finance to College Kids
- You don’t have to pay for your child’s college education
- Financial Lessons That My Parents Taught Me Before College
- Working with Teens: Teaching Personal Finance on a High School Level
- Roth IRA for Teenagers
- Why not teach money management to kids in high school?
Thanks for everybody that participated! It was a blast reading all these and getting a chance to showcase all these great reads. If you have kids, what are you doing to insure that they grow up financially responsible?
Photos by Jason York Photograpy and my wife Mandy Rose.
Securities offered through LPL Financial, Member FINRA/SIPC.