Comments on: How To Teach Kids About Money

By: This is What Happens When You Give a Teen an Allowance…. – Sweet Frugal Life

Mon, 25 Mar 2019 20:12:12 +0000

[…] Spending money is an essential part to living, she NEEDS clothes right now. I’m trying to teach my kids that spending money isn’t the problem, over spending is the […]

By: Teaching Kids Smart Money Habits – Sweet Frugal Life

Teaching Kids Smart Money Habits – Sweet Frugal Life — Tue, 05 Mar 2019 19:51:15 +0000

[…] have used a few object lessons to help get the point across, but we also have developed a money system that has been very […]

By: sweetfrugallife

sweetfrugallife — Wed, 18 Apr 2018 18:51:52 +0000

In reply to Jen Enoch. I am so glad you enjoyed it!

By: Jen Enoch

Jen Enoch — Wed, 18 Apr 2018 16:48:28 +0000

Oh my gosh! this is genius! Kids respond so well to visuals (and marshmallows). This is such an important lesson, and one that was sorely learned as adults rather than as children for a lot of us. I’m definitely pinning this on so I can refer back and teach my kids. Thanks so much for sharing.

By: sweetfrugallife

sweetfrugallife — Wed, 18 Apr 2018 15:31:07 +0000

In reply to Melissa Javan. The marshmallow bank was so fun! They had no idea your money could grow if it was saved wisely.

By: sweetfrugallife

sweetfrugallife — Wed, 18 Apr 2018 15:30:28 +0000

In reply to Hillary. It really was interesting to watch them realize just how much it costs to pay bills and pay for necessities.

By: Melissa Javan

Melissa Javan — Wed, 18 Apr 2018 14:08:35 +0000

Great tips you are giving here. I love the marshmallow concept. Wow, thanks

By: Hillary

Hillary — Wed, 18 Apr 2018 08:39:13 +0000

Great advice! It’s eye opening for kids to know why we work to provide and how money doesn’t grow on trees 🙂 I need to do this with my son. He’s good at saving money, but he’s not aware of how much things cost. I think it also brings about gratitude. Thanks for sharing!

By: sweetfrugallife

sweetfrugallife — Wed, 18 Apr 2018 02:35:07 +0000

In reply to thisisjthomp. That is so awesome your kids are starting to understand saving and spending! Way to go!

By: thisisjthomp

thisisjthomp — Wed, 18 Apr 2018 00:39:21 +0000

I love this idea! This is written out so well that it will be really easy to follow your example. We have started to use a money system for extra chores around the house. My girls have really started to think about what they want to spend money on, what they want to save for etc. I think that this will be a great addition to their financial learning. Thanks for sharing!