15 Ways to Teach Kids About Finances

When giving children an allowance, give them the money in denominations that encourage saving. If the amount is $5, give them 5-1-dollar bills and encourage that at least one dollar be set aside in savings. (Saving $5 a week at 6 percent interest compounded quarterly will total about $266 after a year, $1,503 after 5 years, and $3,527 after 10 years!)

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16

Stories We Like

Comments