1. Money Lessons that Grow with Your Child

    teaching kids about moneyAs a parent, you want your child to grow up to become a financially savvy adult who knows how to be responsible with his or her money. Learning how to manage money is a critical life skill, and so it’s never too early to start teaching your child about finances.

    However, managing finances as an adult can be daunting, and introducing kids to financial management may seem even harder or more intimidating. Our Gerber Life “Age-by-Age Guide” is designed to help parents turn daily activities into opportunities for teaching kids about money. Ages shown are approximations, since each child develops and learns at different rates.

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    Categories: Saving Money
  2. A Parent’s Guide to After-School Jobs

    Teen girl working in coffee shopFor many teenagers, having a job is both a rite of passage and their first venture into the “real world.” What do parents need to know about after-school jobs for teens?

    The U.S. Department of Labor website, Youth Rules!, has a great many resources for teens who are either looking for a job or are currently employed.

    Does your teen want to get a job? Here are some guidelines:

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    Categories: Parenting Tips
  3. Teaching Kids the Difference Between Need and Want

    Mom and daughter shopping for clothesLearning the basic difference between need and want is a skill that your child will carry with him or her well into adulthood. Knowing how to differentiate between the two can help both with your budget today and your child’s future financial success.

    Teaching the difference between need and want can be difficult in some circumstances. As a parent, you want to enable your child to have everything they want in life. However, it’s also important to learn how and when to say no to your child, too.

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    Categories: Parenting Tips
  4. Equipping Your Teenager with the Needed Financial Tools for Adulthood

    Mom paying bills with teenage sonTeaching teenagers how to manage their finances when they become adults is one of the most important lessons that a parent can impart.

    Here are four basic lessons on money-management for teens that parents should plan to teach their teenagers early on:

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    Categories: Saving Money
  5. White House Website Teaches Kids About Money

    White House exteriorTeaching children about healthy financial practices can be a challenge. Although there are good ways to give children an incentive to save money, it can be much harder to explain the value of saving.

    Among the resources available to help parents with this task is “Money As You Grow,” a website created by the President’s Advisory Council on Financial Capability and launched by the White House in May 2012.

    The “Money As You Grow” website helps parents to teach financial literacy to their children. Written in easy-to-understand language, it seeks to remove some of the complications and unease that often surround money issues. The website has segments for five separate children’s age ranges: 3-5 years, 6-10 years, 11-13 years, 14-18 years and 18-plus years.

    Here are some of the money tips for kids and lessons that the “Money As You Grow” website offers:

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    Categories: Saving Money