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Real-life money lessons

How to Work Money Lessons Into Your Family Vacation

Does your family take a vacation every year (or every few years)? It doesn’t have to be a big trip or far away, but something special and out of the ordinary.

Last year I participated in a round table discussion on the Stacking Benjamins podcast about family vacations. (Listen here!) I had more to say on the topic and it’s a great time to start planning your next vacation, so let’s talk about how you can get your kids involved and work in some money lessons, too.

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Real-life money lessons

Teaching Kids How to Earn Money with a Side Hustle

10 years old is a great age to teach kids how to earn extra money — they’re still young enough to listen to you, but old enough to do some actual work. Here’s the story of J’s first side hustle — selling Christmas cookies to family and friends.

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Real-life money lessons

Making Money with Chores

Today’s post comes to you from my son, J! He’s here to talk to you parents about paying your kids for chores.

Hi, I’m J. Here are some reasons why you should pay your kids for doing chores. One, you won’t have to do them yourself. Two, if your kids don’t do any chores they won’t make as much money as they could be making. If you pay them to do chores, they can earn money and learn how to manage the money. Three, if your kid doesn’t do work around the house, how will they know how to do it when they grow up?

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Spend wisely

The Best Christmas Gift for Kids

It’s not Christmas yet, but we’re getting ready! Last time, we talked about budgeting for Christmas gifts and today I want to talk about our favorite present from Santa EVER. In fact, it’s so cool that we still use it (two years later!).

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Real-life money lessons

Budgeting for Christmas Gifts

In one of my very first posts, I shared a short-term savings plan for Christmas gifts. Kids can totally learn to save for Christmas gifts and purchase them by themselves. I’ve found that it makes J feel good to save the money, think of thoughtful gifts, make the purchase and wrap gifts on his own.

Because we’re using FamZoo cards now, we decided to utilize both the budget and additional account features for J’s yearly Christmas gifts list.