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Archives for Kids and Money

What’s in Your Wallet?

by Candi Sparks May 25th, 2011 | Kids and Money, Money Saving Hints


Children like handling money. The younger ones usually show a preference for coins. They like to touch, taste, and jingle shiny coins. Coins can keep a child occupied for hours as they hide them, pretend to spend them, and trade them. As children develop, they are introduced to paper money. The higher value of the dollar bills, and its spending power, move the child’s feelings about coins to second place. At this stage, the child is learning that the coins have a lesser value. More coins than paper bills are needed
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Small IS More

by Candi Sparks April 29th, 2011 | Budget, Kids and Money, Kids' Shopping
Young children love handling coins and money.  Offer a child money, and they almost can’t keep themselves from snatching it when it appears.  When they are learning the value of coins, they often mistake a dime as being worth less than a quarter.  They think that the smaller the size of the coin, the lesser the value.  Parents and teachers often have to reinforce that the dime is worth more, until the child can accept it as the truth.

When children learn that “small is more," it can be a highly empowering
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Penny Power

by Candi Sparks March 30th, 2011 | Kids and Money
Children can learn about money one penny at a time. Here are some of the fun clichés to teach young children that will can lay the foundation for a lifetime of good money management.

“A penny saved is a penny earned” is Benjamin Franklin’s famous quote about money. It is also the first lesson about saving money that children can learn. This quote emphasizes the notion that saving money can be as beneficial as earning money. Every penny counts, and can bring a feeling of satisfaction and self reliance in children. When children save money, they will have money to
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Save the Savings

by Candi Sparks March 2nd, 2011 | Kids and Money, Shopping Secrets
Money is a tool for living. Managing money wisely is a life skill, one of many that we hope to master and pass along to our children. The downturn has surely changed our ideas about managing money. One of its biggest lessons is that we should be prepared for sudden changes in our finances. We are finding new ways to budget and live within our means. Many people have actually adapted to living beneath their means. Whether through a catastrophic illness or unemployment, or - you name it - life happens. The kids are watching and taking their cues
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Show-and-Tell Shopping with the Kids

by Candi Sparks January 27th, 2011 | Kids and Money, Shopping Secrets
When it comes to teaching kids about money, YOU are their best role model. The more you can engage them in shopping as a game to be played like “show-and-tell,” the better their chances of becoming money savvy shoppers. The traditional game of show-and-tell is an early childhood school game where each child brings in an object from home, shows it to the class and tells them about the object. “This is my panda bear. Her name is Gretchen. I got it from my Grandma when I turned five years old and she sleeps with me and sometimes we
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