Raising Money-Smart Kids: The Official KidsWealth Blog

Raising CEO Kids

Another great resource we’ve found through our friends on Twitter is CEO Kids. Founder, Sarah Cook has created a web site where parents and kids can learn more about the things that will help deliver career success, starting at an early age. Many articles and features can be found on the site, including this one profiling [...]

Teaching Kids Better Money Management Begins with You

Perhaps one of the scariest aspects of being a parent is that kids learn by example. Whether silently or full of noise and animated gestures, they are watching you to learn how they should behave. This applies to money as well. Despite common thinking, the amount of money is less important than what you do with [...]

6 Tips for Raising Cash Savvy Kids

At KidsWealth, we know that getting the message out on teaching kids good financial habits is a big job. That’s why we’re so proud to have the great company of many on Twitter, and the Internet in general, who share the same messages. Of particular note this week was a great post (including some basic yet [...]

Giving Kids a Monthly Paycheque Instead of a Weekly Allowance

This is an interesting article that breaks some of the traditional thinking towards allowance. When $5 a week is given on a continual basis, how much more do you spend on your child for things they want? A new video game, going swimming at the rec centre or taking in a movie with friends – [...]

Teaching Kids About Money Begins at Home

Many parents erroneously believe that kids get all the money management skills they need in school. While there are often classes on finance in junior and senior years, most experts agree that this is a late age to be teaching positive money habits. So, where do kids need to get their money skills from? Home. [...]

Responsibility does not Equal Good Money Management

Many families have a ‘chore sheet’ or an ‘allowance checklist’ hanging in the kitchen. While these charts are a great way to encourage responsibility by keeping track of who is responsible for what, and whether it was completed, they do little to assist with solid money management skills. The chart simply illustrates the exchange of [...]

Establishing a Solid Financial Foundation for Kids

It has been said many times – kids are like sponges – they soak up everything around them, both the good and the bad. Are your kids in danger of absorbing poor financial habits? Help them create a solid financial foundation. While Americans and Canadians live in two of the wealthiest nations in the world, some [...]

Finding Ways for Kids to Earn Money for Themselves

Remember the good old days of the lemonade stand, or painting rocks to look like bugs and selling them? Maybe you mowed the neighbor’s yard to make a few extra dollars. In this article from the MoneyInstructor.com site, we see that some of the ways we made money in our youth are still applicable to [...]

Do You Pass these Seven Myths about Money onto Your Kids?

Give your kids the best chance at being financially successful – check your money beliefs against these seven common myths to see how the tips you’re passing on measure up. Perhaps you think giving your child an allowance is enough to promote their financial well-being. Or maybe because you want them to know that money ‘isn’t [...]

Piggy Banks May be Hazardous to Your Child’s Wealth

The piggy bank. The universal sign of savings. But what does it really teach children? Find out why you should put the piggy bank tradition to rest in your household in order to teach kids how to better manage their money. This article explores the origins, myths and misconceptions surrounding the piggy bank and helps you [...]