Teaching Kids Money Basics

How to Explain Opportunity Cost to a Child

How to Explain Opportunity Cost to a Child: Simple Examples Children make choices every day. They choose which toy to play with, what snack to eat, and how to spend...

How to Explain Opportunity Cost to a Child

How to Explain Opportunity Cost to a Child: Simple Examples Children make choices every day. They choose which toy to play with, what snack to eat, and how to spend...

Should I Give My Child an Allowance? 3 Approach...

There is no one right answer when it comes to giving kids an allowance. Different families use different systems, and each one can teach children something useful about money. The...

Should I Give My Child an Allowance? 3 Approach...

There is no one right answer when it comes to giving kids an allowance. Different families use different systems, and each one can teach children something useful about money. The...

How to Explain Profit to Kids: A Simple Example

Profit is an important money idea that kids can learn early. It can also help them understand how a business works. Profit is the money left over after paying the costs,...

How to Explain Profit to Kids: A Simple Example

Profit is an important money idea that kids can learn early. It can also help them understand how a business works. Profit is the money left over after paying the costs,...

How to Explain a Credit Card to a Child

When you pay with cash, a child can see the money leave your hand. When you use a credit card, you tap a piece of plastic and put it back...

How to Explain a Credit Card to a Child

When you pay with cash, a child can see the money leave your hand. When you use a credit card, you tap a piece of plastic and put it back...

How a Gym Membership Taught My Son About Recurr...

I joined our local gym recently, and this morning my 6-year-old son asked me if the gym makes money. We looked it up together and wow it's pretty profitable, so...

How a Gym Membership Taught My Son About Recurr...

I joined our local gym recently, and this morning my 6-year-old son asked me if the gym makes money. We looked it up together and wow it's pretty profitable, so...

How to Explain Debt to a Child

My husband and I were talking about the World Cup this morning and how expensive the tickets are. I heard that many people get into credit card debt just to...

How to Explain Debt to a Child

My husband and I were talking about the World Cup this morning and how expensive the tickets are. I heard that many people get into credit card debt just to...