{"id":9548,"date":"2013-04-24T16:00:00","date_gmt":"2013-04-24T23:00:00","guid":{"rendered":"http:\/\/dev.mainelyseo.com\/cdi-upgrade\/teaching-kids-about-money.shtml"},"modified":"2019-07-23T16:54:19","modified_gmt":"2019-07-23T23:54:19","slug":"teaching-kids-about-money","status":"publish","type":"post","link":"https:\/\/childdevelopmentinfo.com\/family-finances\/teaching-kids-about-money\/","title":{"rendered":"Teaching Kids about Money"},"content":{"rendered":"<p><picture><source srcset=\"https:\/\/childdevelopmentinfo.com\/wp-content\/uploads\/2011\/11\/money1.webp 169w,https:\/\/childdevelopmentinfo.com\/wp-content\/uploads\/2011\/11\/money1-37x50.webp 37w,https:\/\/childdevelopmentinfo.com\/wp-content\/uploads\/2011\/11\/money1-75x99.webp 75w,https:\/\/childdevelopmentinfo.com\/wp-content\/uploads\/2011\/11\/money1-150x200.webp 150w,https:\/\/childdevelopmentinfo.com\/wp-content\/uploads\/2011\/11\/money1-100x133.webp 100w,https:\/\/childdevelopmentinfo.com\/wp-content\/uploads\/2011\/11\/money1-140x186.webp 140w,https:\/\/childdevelopmentinfo.com\/wp-content\/uploads\/2011\/11\/money1-142x190.webp 142w,https:\/\/childdevelopmentinfo.com\/wp-content\/uploads\/2011\/11\/money1-25x33.webp 25w,https:\/\/childdevelopmentinfo.com\/wp-content\/uploads\/2011\/11\/money1-30x40.webp 30w,https:\/\/childdevelopmentinfo.com\/wp-content\/uploads\/2011\/11\/money1-50x66.webp 50w,https:\/\/childdevelopmentinfo.com\/wp-content\/uploads\/2011\/11\/money1-60x80.webp 60w,https:\/\/childdevelopmentinfo.com\/wp-content\/uploads\/2011\/11\/money1-65x86.webp 65w,https:\/\/childdevelopmentinfo.com\/wp-content\/uploads\/2011\/11\/money1-95x126.webp 95w\" sizes=\"(max-width: 122px) 100vw, 122px\" type=\"image\/webp\"><img src=\"https:\/\/childdevelopmentinfo.com\/wp-content\/uploads\/2011\/11\/money1.jpg\" height=\"162\" width=\"122\" srcset=\"https:\/\/childdevelopmentinfo.com\/wp-content\/uploads\/2011\/11\/money1.jpg 169w, https:\/\/childdevelopmentinfo.com\/wp-content\/uploads\/2011\/11\/money1-37x50.jpg 37w, https:\/\/childdevelopmentinfo.com\/wp-content\/uploads\/2011\/11\/money1-75x99.jpg 75w, https:\/\/childdevelopmentinfo.com\/wp-content\/uploads\/2011\/11\/money1-150x200.jpg 150w, https:\/\/childdevelopmentinfo.com\/wp-content\/uploads\/2011\/11\/money1-100x133.jpg 100w, https:\/\/childdevelopmentinfo.com\/wp-content\/uploads\/2011\/11\/money1-140x186.jpg 140w, https:\/\/childdevelopmentinfo.com\/wp-content\/uploads\/2011\/11\/money1-142x190.jpg 142w, https:\/\/childdevelopmentinfo.com\/wp-content\/uploads\/2011\/11\/money1-25x33.jpg 25w, https:\/\/childdevelopmentinfo.com\/wp-content\/uploads\/2011\/11\/money1-30x40.jpg 30w, https:\/\/childdevelopmentinfo.com\/wp-content\/uploads\/2011\/11\/money1-50x66.jpg 50w, https:\/\/childdevelopmentinfo.com\/wp-content\/uploads\/2011\/11\/money1-60x80.jpg 60w, https:\/\/childdevelopmentinfo.com\/wp-content\/uploads\/2011\/11\/money1-65x86.jpg 65w, https:\/\/childdevelopmentinfo.com\/wp-content\/uploads\/2011\/11\/money1-95x126.jpg 95w\" sizes=\"(max-width: 122px) 100vw, 122px\" class=\"alignleft  wp-image-26971 sp-no-webp\" alt=\"Young girl putting coin into piggy bank smiling\" decoding=\"async\"  > <\/picture>My younger sister can\u2019t save money for anything. If she gets $20, she goes out and gets her nails done, without any idea how she will pay for the upkeep. Watching her made me realize that I needed to teach my children about money.<br \/>\nGive your children an allowance that is age appropriate. For our kids, they get half of their age in allowance. So, on their birthday, they always get a 50 cent raise. We provide chores during the summer and expect them to help out when needed during the school year. Set some rules for earning the allowance and an amount for your children.<br \/>\nNow that they are earning some money, teach them about saving it. Many banks have savings accounts for children. Help them decide how much money they want to have to spend and how much to put away. Make them a chart that keeps track of their money so they can watch it grow.<br \/>\n<!--more-->Let them spend some of it and be silly. Part of the fun of having money is spending it. I had a friend who would not allow their child to spend any of his money. He had over $100 in the bank but couldn\u2019t use it. Letting your kids spend their money teaches them the value of things and how to use money wisely. Make sure your kids only spend what they have. Don\u2019t loan money against the allowance they will receive. Our boss doesn\u2019t give a paycheck advance, kids need to learn this too.<br \/>\nTeaching your kids about money will provide them a valuable tool for when they are older and get their first job. Make spending and saving money a success for them.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>My younger sister can\u2019t save money for anything. If she gets $20, she goes out and gets her nails done, without any idea how she [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[361],"tags":[362,276],"class_list":["post-9548","post","type-post","status-publish","format-standard","hentry","category-family-finances","tag-kids-money","tag-school-age-children"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Teaching Kids about Money - Child Development Institute<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/childdevelopmentinfo.com\/family-finances\/teaching-kids-about-money\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Teaching Kids about Money - Child Development Institute\" \/>\n<meta property=\"og:description\" content=\"My younger sister can\u2019t save money for anything. 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