Category: Allowance

How much to pay kids for allowance.

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3 reasons we need to teach personal finance in schools – now

Think back to high school – did you take a personal finance class? Maybe you learned a little something during economics, but that was right after lunch and all you wanted was a nap. During my high school experience I was not required to take a personal finance class to graduate, nor was such a […]

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Banking for Kids – 10 tips on starting your child’s first bank account

I decided recently that instead of buying a Boppy or an ironic onesie I was going to commit to a financial gift for my wonderful friend and mom-to-be. She has an amazing family that will 120% make sure she get all the necessities so I wanted to do something for her + baby that maybe […]

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how much to pay kids for chores

Kids who get an allowance are better with money

2015 marks the 7th annual release of the “Parents, Kids and Money Survey” conducted by T. Rowe Price (find the report here). The idea and purpose behind the surveying of 1000 parents and 881 children is “To understand the basic financial knowledge, attitudes, and behaviors of both parents of children ages 8-14 and their children […]

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3 ways you can use allowance to teach your kids about money.

Taxes, Saving, and Giving Benjamin Franklin, once wrote in a letter to Jean-Baptiste Leroy in 1789, “In this world nothing can be said to be certain, except death and taxes.” Though, at five or six years old, nothing is certain, let alone mortality AND taxes. Both made about as much sense to me as having […]

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The wolf of gum street: my first savings account.

I sat in the last school bus seat with what felt like an empire. It was organized delicately in a bubble top pencil box. At this point, I didn’t have to do anything but sit back and let the money speak for itself. At this point, I had a 5th grader executing all of the […]

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5 good reasons to give your kids chores and allowance

Build financial literacy For a lot of us, allowance is our first experience with money. An article from Business Insider titled “Why you should give your kids an allowance” interviews a children’s financial education author, Lori Mackey. Mackey gives this example, “You can’t expect a child who hasn’t learned their ABCs to know how to […]

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Hey Dad, a little help here?

My dad absolutely loves telling one particular story about me. In any kind of setting, with no real reason, or prompt for such a story, it never fails. He always tells this story. I was about four years old. Both of my parents worked at this time in my life. I spent a lot of […]

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Book Fairs and Dollar Bills

I remember shoving my hands into the magenta lined pocket of a too small winter coat – I had thirty-two one dollar bills rolled meticulously, bound by the now most important hair tie of my eight-year-old life. I had saved my allowance and the time was nigh – THE WINTER BOOK FAIR. Do schools even […]

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Family finance app with getpiggybank.com

5 Ways to Help Your Child’s Financial Future

When you can barely find time to take a shower and get some semblance of dinner on the table, how could you possibly have time to dish up a healthy understanding of personal finance for your children? There are never enough hours in the day so here are 5 fast and easy ways to insure […]

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chores and allowance app

Okay, so it’s not “THE talk,” but it’s one of them.

Okay, so it’s not “THE talk,” but it’s an uncomfortable and somewhat taboo conversation nonetheless. Wait, so what am I’m talking about? It’s called, “The money talk,” and I guess it’s not really just one talk, but really the start of a lifelong dialogue. Since I can remember, talking about money was always mildly uncomfortable. […]

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