Raising Money$mart Kids: Teach Your Kids Money$marts By Opening a PayPal Student Account

Welcome to Raising Money$mart Kids!

What do YOUR kids know about the value of a buck? If you're like most families, finances aren't often discussed. Some parents feel that talking about money makes their kids feel like they're poor. Others may not know where or when to start to help their kids learn about budgeting or business or banking.

Here at Raising Money$mart Kids, you will find articles on everything from setting up an allowance to running a lemonade stand to helping kids make better purchase decisions. You can ask questions get help from the community.

So, grab a cup of coffee and pull up a chair!

Saturday, August 21, 2010

Teach Your Kids Money$marts By Opening a PayPal Student Account

The world of banking and money management can be a scary one for kids- and for parents who are concerned that their kids will make financial mistakes. A PayPal Student Account can give kids practice at handling money in a safe environment- under the watchful eyes of their parents.
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Kids Get the Freedom to Learn and You Get the Control You Need

Teaching kids how to handle money properly can be confusing and stressful for parents. On the one hand, parents know that their children need experience with spending, saving, and banking in order to navigate the world when they are out on their own. On the other hand, parents know that it is far too easy for kids and young adults to get in over their heads financially and to rack up huge debts that are hard to get out of. The question, therefore, is how to let kids dip their toes into financial waters without the associated risk.

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Piggy Banks to Paychecks

“It doesn’t matter how old your children are or how difficult your financial situation is. It doesn’t matter where you start to teach your kids about money. It doesn’t matter what kind of allowance system you choose to set up with your kids. It only matters that you get started- right now, with the tools you have to work with and the knowledge you already have.”Piggy Banks to Paychecks tackles the subject of money head-on in an easy-to-understand, friendly format. If you are a parent,grandparent, teacher, or otherwise involved in helping kids learn financial basics, this book is for you. In its pages, you’ll find straightforward answers on saving, wise spending, investing, and donating. You will find help in setting up an allowance plan for kids and various methods of tracking savingsand evaluating purchases. You will learn the language of money and be able to set your children on the path to fiscal responsibility – the greatest gift you can give them.