Get Real With Money: I Want A Basketball [Show Kids How To Spend Within Their Means]

My second son tried out basketball with some neighbourhood friends last week and oh boy, he was hooked when he managed to shoot 2 goals. He came home letting us know that he wanted a basketball. I was inclined to make him wait. I didn’t want to promote this instant gratification thing in our family whereby a child asks for something and he gets it … Continue reading Get Real With Money: I Want A Basketball [Show Kids How To Spend Within Their Means]

Get Real With Money: Saving Up for X-box or Smartphone [Delayed Gratification]

After lunch, the kids happened to want to visit a toy store today (Kiddy Palace). As we agreed to go in without buying anything (because I wasn’t going to buy them anything), my eldest said he wanted to check out if there’s anything he can buy with his piggy bank money. He has around $35 in savings. I said okay and we entered the store. … Continue reading Get Real With Money: Saving Up for X-box or Smartphone [Delayed Gratification]

DIY Piggy Banks To Make Saving FUN!

Little ones will pay more attention to saving when they have cute piggy banks to look at everyday. They’ll definitely want to drop in a coin or two just so they can admire their cool DIY piggy banks. That’s when they start having the habit of saving. What more can you ask for? Here are some really beautiful DIY piggy bank ideas I found on … Continue reading DIY Piggy Banks To Make Saving FUN!

Explaining Diversification to Kids {With FREE Worksheets}

Mother Hen, Her Eggs and The Boy A story about the importance of diversification – for kids an original story by Investor Kiddo   There once lived a little boy on a farm with his family. His favourite thing to do was to visit the chicken coop every morning after breakfast. He wanted to see if the hen has laid any eggs. But more importantly, … Continue reading Explaining Diversification to Kids {With FREE Worksheets}

14 Board Games About Money {The Complete List}

A great introduction to the world of finance, an especially important subject to learn in today’s economy. Learning doesn’t have to be boring! Cashflow For Kids <– CLICK TO GET IT Suitable for Ages: 7-14 years old What Players Learn: How to make money work for them. They learn about assets and liabilities.     Monopoly Junior <– CLICK TO GET IT Suitable for Ages: 5+ years old What … Continue reading 14 Board Games About Money {The Complete List}

Simple Ways to Teach Kids About Investment {Free Printable}

Warren Buffet was asked in this interview featured on Forbes: At what age should we speak with our kids about being smart with money and investing? Buffett: “It’s never too early to help kids understand about money. Whether it’s understanding the cost of the new toy they want, or the value of saving money. Kids are exposed to money matters from a very young age, … Continue reading Simple Ways to Teach Kids About Investment {Free Printable}

The M&M’s Game: Introduction to Compound Interest

Compound interest is the addition of interest to the principal sum of a loan or deposit. It is the result of reinvesting interest, rather than paying it out, so that interest in the next period is then earned on the principal sum plus previously accumulated interest. When you deposit your money in a bank savings account, you earn interest. So if you open a savings account with $1,000 and your interest rate is … Continue reading The M&M’s Game: Introduction to Compound Interest

Your Kid’s Savings Account {FREE PRINTABLE}

Why Is It Important for Kids to Know How To Save? To teach saving to children is to teach them about the concept of scarcity. In life, we will only earn a limited amount of money and often, we can’t spend all the money we get all at once because we have to spend them on the NEEDS before we can spend on our WANTS. … Continue reading Your Kid’s Savings Account {FREE PRINTABLE}