Notepad Corner

  Money can be a touchy subject for kids and parents alike, but it's also a topic that needs to be discussed. We want our children to understand the value of money and how it works, but it can be tricky to discuss these concepts without sounding preachy. As a parent myself, I've found that making learning about money fun is one way to get my child interested in the topic without worrying about them feeling like we're pushing an agenda or being lectured at. Here are some fun ways that you can teach your child about money : Let kids invent their own games or create their own money. Let kids invent their own games or create their own money. This works especially well with older children who already have a grasp on financial concepts like spending, saving, budgeting and investing. Let them create their own games using whatever they want as currency — anything from marbles to candy to paper clips could work! If they want to make up actual rules for using this new currency (f...

If you have children and you want them to be financially responsible, there are a few tips and tricks available that can help with educating them while also making the learning process as fun as possible. Teaching your children about money can help to better prepare them for their own future and how to properly handle the money they earn as they grow into adults. Depending on the age of your children, there are different techniques and methods of teaching about money that can assist with their decision-making in the future. Be Open A major tip when talking to children about money is to avoid labeling the subject as "taboo" or simply not discussed in the home. Although it is not necessary to share every detail of your financial situation with your children, talking about saving money, investing money and how to manage finances openly can help them to learn quicker while catching on to adopting your own spending and saving habits. Communicating openly with your children...