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How do you help your kids learn money management skills?

From the lens Improving Financial Literacy for Kids with Games.

  • HelpMarcProject May 21, 2012 @ 2:21 pm | delete
    One of the things often forgotten in regards to a well-rounded education is the application of financial literacy. There is a lot of time spent on the hot 3 (math, science, and writing), but a failure in the application of finance. Great lens. Thanks
  • SoundFinance May 20, 2012 @ 12:55 am | delete
    great lens:)
  • williammdavis Apr 17, 2012 @ 8:09 am | delete
    Well this lens inspired me.
  • sadashiva May 19, 2012 @ 1:29 am | delete
    Me too
  • therightequityrelease Apr 10, 2012 @ 6:29 am | delete
    good information...
  • rauspitz Mar 28, 2012 @ 8:22 pm | delete
    Outstanding lens. Great information.
  • Dywaz Mar 14, 2012 @ 9:36 am | delete
    Great lens. :) Very good info, thanks for sharring.
  • poutine Mar 5, 2012 @ 1:52 pm | delete
    Excellent lens
  • Dede Feb 9, 2012 @ 3:22 pm | delete
    Super important topic and a great lens. With all the mobile devices out there, you may want to consider using some age appropriate money apps in your family's education, also. I think there are like a billion of them, literally :) Anyway, so far we have been enjoying Jungle Coins, PennyMe and TuppenceBank. Different apps for different ages, and I look forward to finding more. Again, thanks for investigating tools to help get kids on track financially.
  • candidaabrahamson Feb 8, 2012 @ 11:12 pm | delete
    Wow! What a fantastic lens, on an incredibly useful and important topic. I actually used it (in my "featured lenses" section at http://www.squidoo.com/protecting-yourself-financially-in-marriage, if you want to visit your work in action) in my lens on financialy infidelity, because these skills are ones all grownups should have, especially before joining financial forces in marriage. Thank you for sharing! Candida
  • DogWatchColumbus Jan 31, 2012 @ 10:24 am | delete
    I'm just starting to think about trying...this is a great place to start! Thanks=0)!
  • Tipi Jan 10, 2012 @ 3:25 pm | delete
    I still want a Big Cheese Island.....returning with fresh angel dust...
  • Tanami Jan 7, 2012 @ 8:02 am | delete
    well done great lens you have put a lot of work into it. My lens is on living debt free and I enjoyed your con ten
  • Buchamar Dec 14, 2011 @ 7:29 pm | delete
    This is a great share, thanks!
  • OnlineAutoInsuranceQuotes Nov 10, 2011 @ 12:22 pm | delete
    Great resources here. When children learn financial literacy at a young age it can carry them for the rest of their lives.
  • wolfie10 Nov 6, 2011 @ 11:18 pm | delete
    i agree. you need to teach the kids how to manage money from an early age. If you wait until they are in there teen it is a lot harder as many of them have formed habits. bad ones are hard to break.
  • NathanLee Nov 4, 2011 @ 9:11 am | delete
    Well, we don't have any kids yet, but I am sure we will come back to this page some day when we do. You have lots of good money content... and that curriculum is terrific! Thanks for sharing.
  • ottoblotto Oct 14, 2011 @ 8:47 am | delete
    Such an important topic!
  • pounds2day Sep 30, 2011 @ 10:33 am | delete
    Great book and program reviews, thanks for taking the time to lay all this out.
  • redleafloans Sep 8, 2011 @ 3:11 pm | delete
    I teach my kids to not waste anything so they can learn how to value something.
  • CruiseReady Aug 26, 2011 @ 5:24 am | delete
    What a wonderful resource you have developed here! One Christmas, we gave each of the grandkids a share of stock in a company that we thought would have personal appeal to each (Wendy's for one, Disney for another, etc) You can get these through several websites, and can have the stock certificate sent to them framed with an engraved nameplate on the frame. We also gave them books about money and piggy banks that year.
  • sandyjunep Aug 20, 2011 @ 12:05 am | delete
    I really like your lens. IMy eldest child did not get pocket money until she was a teenager, but very true, shopping with her then became a pleasure. She started budgeting and even looking for cheaper items. I then started giving my younger child pocket money. Both children had to do chores to earn their pocket money
  • Fignewton37 Aug 18, 2011 @ 5:07 am | delete
    What a great lens! Every child should be taught this. When my step children were young teenagers we sat them down and talked to them about how much money they would need to live out on their own. We got the classified section of the newspaper and showed them what rent costs, a car payment (or save enough to buy a good used car with cash), medical bill, utilities, entertainment, food and so forth. I think it really opened their eyes that they needed a really good job and to be frugal, which they seem to be doing now that they are out on their own. Thanks for the lens.
  • richdadpoordadseminars Aug 12, 2011 @ 4:35 am | delete
    Very useful lens, thank you! Children really will find useful such games in future and they will thank their parents.
  • Tipi Aug 5, 2011 @ 12:04 am | delete
    What invaluable lessons on financial management to instill at a young age that will serve them well for a life time. I want to visit Big Cheese Island myself!
  • Brownhub Jul 26, 2011 @ 6:56 am | delete
    Teaching personal finance and raising money smart kids give our children the ability to recognize and capitalize on opportunities which will help them in pursuit of their own personal American Dream.

    Brown Hub
  • myfairladyah Jul 24, 2011 @ 12:19 pm | delete
    Absolutely right that kids need to learn
    Where the money comes from and where it goes
    They'll have a better appreciation of what they earn
    And be able to head off some financial woes

    Nice Lens!
  • Chris-H Jul 21, 2011 @ 4:51 am | delete
    This is important stuff! Thank you for organizing these diverse pages.

    I've written extensively about the subject of money and hope to publish soon. So perhaps before long I'll have a page I could suggest you consider adding! :p
  • fulcherben Jul 15, 2011 @ 12:05 am | delete
    This is good to teach your children because the education system doesn't cover it. It will greatly improve the well being of your children
  • LTPParents Jul 5, 2011 @ 12:41 pm | delete
    Awesome! I just started teaching my son about money using the cash flow for kids game. We will definitely be using these resources!
  • Jun 3, 2011 @ 8:13 am | delete
    Its a fantastic blog i have visited. I appreciate for spreading these information which are very necessary to teach the kids. By developing these habits, kids learn to earn and save the money and they pick very quickly any bad or good habit in childhood. These habits can be very beneficial for them for their future.
  • RetroMom May 1, 2011 @ 10:05 am | delete
    It is always important to let your kids know how to handle their own money. This will teach them how to value and use them wisely. giving them allowances together with a piggy-bank will let them understand the concept of saving. Thanks so much for this very informative lens!
  • tipsanddeals Apr 21, 2011 @ 8:23 pm | delete
    Well written. Just talk to your kids. They have to know the difference between their needs and wants.
  • WilliamSimons Apr 8, 2011 @ 8:03 pm | delete
    Well written lens. Have you found information about the possibly benefits are requiring kids to save 10-15% of what ever they make or earn. This practice could just be carried over into their college years, etc.
  • BizGuides Mar 12, 2011 @ 6:10 am | delete
    First, Great Lens and very important information for awareness about money and how to use it.
    One area we did was to have our sons make out checks for the bills we were paying out monthly. They were shocked at the amount of money it took to live.
    As young adults they wanted to leave home as all young people do.
    They quickly realized that these checks for our household would be checks for their household.
    Famous quote from one son was, "I thought everything came with the rent payment like electricity, water, telephone, and cable TV/internet service. I didn't realize you had to pay for them separately!"
    I asked about how they were going to wash and dry their clothes. Blank stare, then 'Mom will do it'. I said no, no Mom, you need to plan to do it yourself. Time and money to do your own laundry. And all those 'special' clothes that require 'special' care,.....enjoy!
    I could go on, but that's for another comment here.
  • lilymom24 Mar 1, 2011 @ 5:07 pm | delete
    Favoriting this one. I have kids and we're working with them on allowance and how to save $
  • GonnaFly Feb 18, 2011 @ 2:15 am | delete
    Teaching children how to handle money is such an important skill. This lens has been blessed by the maths angel and added to my best maths resources lens.
  • lindarandall Feb 8, 2011 @ 6:59 am | delete
    its important for kids to learn how to manage money at an early age id start at around 4 years old.. blog rolling yours with business ideas for kids.favorite yours, I follow back on twitter - the idea girl :)
  • kimmanleyort Feb 2, 2011 @ 11:24 am | delete
    What a great list of resources. This is a skill that kids really need to learn and is lacking. Lensrolled to Lemonade Day.
  • brittzy Jan 29, 2011 @ 10:29 pm | delete
    great lens! kids really need to learn about using their money correctly. it wouldn't hurt if us teens learned about it, too! (and then applied it to our lives!) . blessings!
  • Ramkitten Jan 29, 2011 @ 6:25 pm | delete
    This is great! It's SO important for kids to start learning how to manage money at an early age. I wish this were taught more in school. I've met so many young adults--college students--who seem to have no idea how to manage their money at all.
  • ElizabethJeanAllen Jan 29, 2011 @ 6:43 am | delete
    Awesome collection of games.
    Lensrolled to Raising Financially Responsible Children
  • Classicvideogamesplus Jan 19, 2011 @ 9:24 am | delete
    Very nice lens. I do the allowance thing for doing their chores, homework, etc. Kids loving having their own money. I let them save up for something special with some of it and also have a savings account for each one that they can't touch. Current thing is letting them have loose change occasionally, they are all over that and its a blast seeing them roll it up, recounting, etc to deposit in the bank, lol.
  • poddys Jan 13, 2011 @ 4:22 am | delete
    Excellent lens, great content and I love the design too. It is important to teach kids about finance, especially if like most families, your money doesn't grow on trees!
  • charle Dec 30, 2010 @ 7:31 am | delete
    Nice lens , I also wrote a lens about prepaid credit cards and would like you to read it , thanks
  • tembrooke Dec 21, 2010 @ 8:11 pm | delete
    Great lens, and such an important topic! Blessed!
  • SquidooEconomy Dec 13, 2010 @ 5:53 pm | delete
    there are loads of info here....but as parents we have to choose our teachings very wisely so instead of teaching them how to use properly money they will turned into spending machines or even worse wall street predators............and i found the use of the wall street video really wrong and unsuitable
  • aesta1 Nov 29, 2010 @ 7:24 pm | delete
    Lots of really good info here when you have kids as we see a lack in this area in our education systems.
  • khael Nov 26, 2010 @ 10:32 am | delete
    I'm writing something about finance for my kid and nephew. Thie resources are a great help! Many thanks and may you prosper always.
  • WritingforYourWealth Nov 18, 2010 @ 4:24 pm | delete
    Good information. They just don't teach kids what they need to know about finances in school.
  • Fit_Over_40_Buzz Sep 20, 2010 @ 1:17 am | delete
    Very nice lens. Thanks. I gave you a thumbs up, because it's a nice lens.
  • BuckHawk Sep 5, 2010 @ 11:22 am | delete
    Very well done and informative lens. And now, Angel Blessed*
  • kcstein7 Aug 9, 2010 @ 12:06 pm | delete
    Wow! What a complete lens. Favorited and lens-rolled!
    Full of resources! Thanks.
  • SafeCard Jun 22, 2010 @ 11:17 am | delete
    Hi great lens!!
    You are so right we need to be teaching our kids the importants of saving our money.
    My dad was ver ygood at this. You shared some very good tips!!
    Thanks!!
  • aj2008 Apr 21, 2010 @ 5:06 am | delete
    This topic is so important for every parent. Yes, my girls have an allowance and they have learned to save up for things - last year together they saved for a Wii and this year one of them is working very hard at the local stables to earn her own riding lessons and free riding.

    They are also learning to make choices as to what to spend their money on.

    (BTW - thank you for the lovely comments on my Keywords lens - I do indeed hope it helps you with your education lenses)
  • 4U2C Apr 20, 2010 @ 8:23 am | delete
    My offspring are all adults - I would have loved to have this information available to them. It can be passed on, to the grandkids, though! Excellent way to teach kids to manage their funds!
  • djbritton Mar 10, 2010 @ 9:30 am | delete
    Congratulations on a great lens - tons of good contect thanks
  • AndyPo Jan 27, 2010 @ 12:15 pm | delete
    Great lens. Thanks for telling me about it. I shall feature this in my Lens Promotion Group
  • finance4kids Jan 27, 2010 @ 10:06 am | delete
    You can check out my books "Finance for Kidz." Through the art of story telling, I have explained complex financial principles. Read the testimonials on my website first before considering buying any books. Thanks
    Prakash Dheeriya, PhD
    Father, Author & Professor of Finance
    Finance for Kidz series
    finance4kidz dot com
  • Candeece Jan 26, 2010 @ 12:38 am | delete
    The value of money is so important. I'm so glad my parents educated me well about money because the school system certainly doesn't. Great Resource!!
  • eclecticeducation Jan 25, 2010 @ 10:39 pm | delete
    I have two kids. My oldest can't save a dime. My youngest can't spend a dime. lol!!! My youngest is saving up for a GameBoy DS, boy is his brother going to be jealous!!! lol!!! Blessed by a Squid Angel. :)
  • LeanneChesser Jan 25, 2010 @ 9:36 pm | delete
    It's so important for kids to learn how to handle money. This is a great collection of resources to teach kids of all ages. Blessed by an angel.
  • KarenTBTEN Jan 24, 2010 @ 8:18 pm | delete
    I don't have kids, but my brother and his wife start their kids early. The older child, who is in kindergarten, sometimes receives money. 1/3 goes to charity, 1/3 to savings. She gets to spend that last 1/3.
  • lravidlearner Jan 24, 2010 @ 11:03 pm | delete
    Your niece is doing better with her savings and charity allotments than my daughter. My daughter puts 10% in charity and 10% in savings. I'm curious to know how other kids allot savings and charity from allowances and earnings... or adults, for that matter :)

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lravidlearner

I am an educational technology integrator, and consultant. I founded LearningReviews.com, that lists more than 2,700 mostly free educational interactive... more »

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