Kids and Money

5 Holiday Spending Lessons for Kids

The holidays can bring out the best in all of us. After all, it’s a time of giving — as we think about family, friends and those who are less fortunate. While it can also be a time when we might fret over budgets and cash flow, with some planning, it doesn’t have to be a stressful season. And this can be a valuable lesson for kids and teens. So as you plan your own holiday spending this year, take advantage of this time to teach your kids about money, too. Here are a few things to keep in mind.

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Author SAC FCU Managing Editor

Kids and Money

Financial education for kids made simple: How to set smart money goals for every age

It’s never too early to teach your kids the value of a dollar. As a parent, you have a lot to share with your children about earning, saving, spending, and managing money responsibly. And because personal finance courses aren’t typically offered in grade schools and even high schools – currently only four states require a one-semester course in personal finance for high school graduation – you play an especially critical role in their financial education.

So where do you begin?

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Author SAC FCU Managing Editor

Kids and Money

Kids and money: A 5-step plan to teach kids about budgeting, earning, and saving

Kids might learn some Economics 101 lessons in school — things like supply and demand or what comprises the national debt. For most students, however, personal finance isn’t part of the curriculum. That means education about credit cards, interest rates, and saving money falls to Mom and Dad. Don’t worry – teaching kids about saving doesn’t have to involve an elaborate lesson plan.

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Author SAC FCU Managing Editor