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

The 5 Most Important Money Lessons To Teach Your Kids {with printable}

What our kids think about money: When I said we didn’t have enough money to buy a toy that he wanted, my 3-year-old suggested I go to the bank and withdraw more money. When my 5-year-old took loose change from the table-top to buy a can of soft drink, he said the money was his because he “found it”. My 7-year-old asked why the government won’t simply print … Continue reading The 5 Most Important Money Lessons To Teach Your Kids {with printable}