Kids & Money

S E G M E N T S: Teaching Kids about Money Between the Ages 4 & 7 - Teaching your kids how to count bills & coins. ( Monopoly, or playing store at home ) - Allowing them to pay at grocery stores. - Teach them about Chores & an allowance - Don't argue about Money Between Ages 8 & 12 - Teaching them about Saving for Something they want to buy & the significance of saving - Open a bank Account & teaching them about the checking & savings acct. - Allocate Allowance towards savings. - Creating a budget for the Groceries Between Ages 13 & 15 - This is where you educate your kids on Budgeting, Income & Expenses - Understand costs of Buying a Car - Understanding their Financial Wants & Needs - Teaching them about using a Debit & Credit Card Between Ages 16 & 18 - Teaching them about the ROI of College - Store Valued Cards - Basics of Investing & Different Financial Accounts - Household Expenses for Living on Their Own - Educating them about Business & side hustles Bonus content: Ages: 2 - 3: You can teach your kids about each coin. You can give them play money to "play store" & have them buy their own cereal or toy. Ages 4 - 5: Let your kids help you cut out coupons & when you go to the store they can help you find the items. - This is a fun way for your children to feel like they're helping while learning about Saving. Ages 6 - 7: Kids like Collecting, maybe spark their interest in Coin Collecting. If you give kids an allowance, teach them about what it means to do a chore & earn money. Ages 8 - 12: Open a bank account for your kid & encourage them to start saving & what that means. Teach them about Comparison Shopping. For example: Buying Toilet Paper from Costco vs other Grocery stores Ages: 13 - 15: Help your kids set a family budget with you & learn wants vs needs. This wouldbe great time to teach them budgeting & how to buy a car with cash vs what Financing would cost & why not to finance a brand new car. Ages 16 - 18: Perfect time to get your kids interested in the Stock Market. Teach them the costs of college & if their career choice will pay for the lifestyle they want. O u t r o: Positivity is a 2 way street. The more Positive thoughts you put out, the more postive energy will flow back.