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Kids & Money
Teaching your kids to manage their own money is one of the greatest gifts you could ever give them.
Unless they learn responsible money management at home—they just won't learn them. Grade schools and high schools aren't teaching thrifty money management skills, and they definitely won't learn it in college (where student loans are the norm). So if you want your kids to learn to handle money wisely, you've got to teach them. But don't worry, we've created and fine-tuned a workable and flexible system for you to use with your kids. It's something that's worked well for our family for more than 15 years and it will work for you too!
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The MoneySmart Kids A great system to train kids of any age |
Teaching Kids About Money (CD Kit—Mailable or MP3—Instantly Downloadable formats) |
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This is a kid tested money management system that works! Since 1995 our kids and hundreds of others have been the "test market" for this system. (Watch a video about it at the bottom of this page). In the video they mention one of our kids having more than $22,000 in the bank . . . she has more now! This system teaches basic money management skills while encouraging good attitudes about chores and school. Younger kids divide their earnings into three different envelopes for: Giving, Saving and Spending.
Giving them their own money to manage, completely eliminates the "gimmes" for $100 sneakers and other things that kids typically "hit-up" their parents for. The system is flexible enough to be tailored to the specific habits that you want to reinforce with your kids. Abbey (above), at age 9, loved to save, give and, of course, spend the money she earned. She's now almost 18 years old and still using the money management skills we taught her. Her new goal—going to college without student loans . . . and she's well on her way! |
In this live, 90 minute recording, you'll not only learn how we developed and implimented our kids and money training system, but you'll even hear from four of our five kids as the audience peppers them with questions. This is a perfect companion to the MoneySmart Kids Financial Training Kit. Topics covered include:
Audio excerpts Sample 1 — Do kids control our spending?
Sample 2 — Steve's 401DAD Sample 3 — Joe, Fancy cars and debt |
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The MoneySmart Kids kit includes:
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The Mailable CD-Kit includes:
The MP3 Downloadable Kit includes:
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MoneySmart Kids Kit Cost:
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Teaching Kids About Money |
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For younger kids The MoneySmart Kids Kit and envelopes are suitable for children ages 8 and up. Younger kids can participate in the program, but we recommend using a 3-part bank rather than envelopes with a ledger system on them. We used a 3-compartment bank with our younger kids. Try one of these 3-part banks with kids eight years old and younger.
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Economides Kids and their money This is a great video about our kids and money system—you'll get to hear our kids talk about their goals and what they've bought with their own money. This interview was aired on our local |
We teach the older kids to use a portion of their "earnings" to purchase their own clothes and eventually other things like: summer camps, sports and auto insurance. 
3 indestructable envelopes with printed ledgers
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A NEW Kids & Money Book Watch for a new book by Steve & Annette on training kids of all ages to manage their own money—coming out in August 2012! Stay tuned for more details. |
