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Parents and kids and money

As parents, we understand the importance of literacy. We sit for hours reading with our children. However, children must be “literate” about money matters, too.

Learning how to think about money and manage it wisely is an equally important life skill. We must patiently help our kids “sound out” the many ways to control money. Our kids will learn by doing. Some lessons will be thrilling. Others will be frustrating, even painful.

In the end, we hope that our children will grow into financially responsible adults. The rewards are life-altering: living within their means, free from the anxieties of debt, and secure in their future.

This section will give you tips and tools for teaching money literacy – and help you assess your ability to model good financial habits. Read on!

Just for Moms

Home is where the fun is

Keeping kids entertained throughout the summer can become an expensive endeavor. Check out the suggestions below for affordable and educational alternatives to theme parks, movies, and other budget busting outings:

Backyard waterpark – why spend money on gas, tolls, snacks and souvenirs and entry fees when you can recreate the magic at home. Sprinklers, a few slip and slides and water balloons are all you need to make a splash with your kids. Throw in some healthy homemade frozen fruit pops and other treats and your kids won't notice the difference.

Home science lab – Keep learning throughout the summer by using common household items to perform fun experiments with kids of all ages. What's more awesome than a lava lamp made from some empty water bottles, water, oil, food coloring and Alka-Seltzer.

DIY scavenger hunts – Play on a typical kids' love for adventure and the thrill of the discovery by constructing scavenger hunts tailored to their age and interests as well as your environment. From big city to backyard, there are a million ways to get your kids outside while stimulating their curiosity and creativity.