Make sure your kids grow up smart about money with these strategies investinyou (In partnership with acorns.)
div > div.group > p:first-child"> Adults, who have learned from experience about irresistible sales pitches, can find it hard to make good financial decisions. Imagine what it's like for a wide-eyed 8-year-old to confront a dizzying array of choices. We know what can happen in the future if we don't save.In fact, you can teach kids to understand money, whether they're 3 or 13.
"Unless someone has been armed with some basic financial knowledge, that can turn into a ruinous situation," Henske said.Any 7-year-old can see the difference between ordering a $3 soda in a restaurant and drinking water, which costs nothing."Drinking is a need," Henske said."Drinking Coke or lemonade is a want."
"We have to really think about consumerism," Mays said. When she was folding laundry, she noticed that all the kids' jeans had holes. Previously, she might have run out to buy more. Now she says she'll mend the holes and they'll all make do with what they have.When Mays' husband was asked to chaperone a school trip to Disneyland, he asked if he could purchase additional tickets at a discount so the whole family could go.
Check out your company's health-care options. Even if there are just a few plans to choose from, understand all the terminology so you grasp how the plan's co-pays, deductibles and co-insurance all work. If you have access and can spare some more money, fund a health savings account to offset future health-care costs.
Skyler can earn money doing chores, and he is tasked with managing the family's $100 monthly lawn-care budget. When he wants something, his parents will ask him to look around the house to see what he can do — take out trash or do dishes, for instance — to earn the money.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Barbara Corcoran: The simple way to make sure your kids don't grow up spoiledThis is the simple way to make sure your kids don't grow up spoiled, according to Barbara Corcoran. via CNBCMakeIt
Read more »
Facebook and Google scandals have made recruiting easier for start-ups with a strong social missionTraditionally, it's been a huge challenge for health-tech and ed-tech companies to recruit tech talent from Facebook, Google and the other big tech companies.
Read more »
How A-Rod, Kevin O'Leary and other celebs teach their kids about moneyEvery day, when Alex Rodriguez drives his daughters to school, 'they get a business lesson.'
Read more »
15 Kids Who Deserve Recognition For Making Their Unfortunate Situations A Thousand Times BetterNothing is gonna rain on their parade!
Read more »
The Trump administration just made it harder to travel and send money to Cuba'The Obama administration's policies toward Cuba have enabled the Cuban colonization of Venezuela today.'
Read more »
The Trump administration just made it harder to travel to and send money to Cuba'The Obama administration's policies toward Cuba have enabled the Cuban colonization of Venezuela today.'
Read more »
Cardi B has 'mad money' now but made these business mistakes early onRapper Cardi B shares the money mistakes she made early on in her career — and how you can avoid them.
Read more »
How Pinterest makes money: By filling your feed with promoted pinsThe visual social network sells targeted ads to reach its 265 million monthly users, who are bookmarking images they find online by 'pinning' them to themed inspirations 'boards.'
Read more »
Tech giants made so much money in 2018 that 2019 is bound to look pretty badTech companies are about to hit competition they can’t shake: Their slightly younger selves.
Read more »
4 of the biggest mistakes millennials are making with their money, according to expertsMillennials are procrastinating when it comes to saving and creating a lifestyle focused on spending — and not adequately preparing for emergencies.
Read more »