Teach Finance and Savings to Kids

Many of us ignore the importance of teaching ideas and concepts of personal finance to our kids but it is a crucial part of their development and growing up as a responsible individual.

If they cannot manage their personal savings and planning for their future, just a good education may land them on a good job but they may fail to utilize that advantage of having a good job.

There is no hurry, of course. But you may slowly start ... probably as they enter Middle School. There are, of course, various courses/camps available for achieving this goal but they cost money and are not cheap (we'll have a posting on those some other day). But if you wish to start soon, the following websites may assist you in your endeavor:

For Middle School Students:
KidsBank.com, MoonJar.com and RichKidSmartKid.com teach about money and banking through fun characters and games.
YoungInvestor.com and StrongKids.com teach about earning, saving and investing money and also explains functioning of retirement accounts, trust funds, and savings accounts. These may also be used for high school students.

For High School Students:
YoungBiz.com has useful articles about student investors and student-run businesses and also career planning tips
www.ssa.gov/kids/faqs1.html can teach all about Social Security system.

Disclaimer: LiveInUSA does not have any connection whatsoever with the website(s) mentioned above. The information is provided only because we think this could be helpful to our readers.