Financial Literacy for Kids
Financial Psychology:
The Study of Our Behavior With Money
Understanding the psychology behind your child’s money habits will help you encourage your child to balance their spending, saving, and giving in a way that is in line with their natural tendencies. These guides have you covered with info on everything from answering tough money questions to teaching delayed gratification to parenting penny-pinchers, spendthrifts, and altruists.
The research on giving is clear: kids gain even more when they give. This guide explains why giving is important and how you can help your kids get in the giving spirit.
In this guide you will learn ways to teach your child the difference between needs and wants through explanation, budgeting, discussion and practice.
This guide provides tips to help encourage balanced giving habits in your child. Encouraging a healthy balance between giving, spending, and saving gives kids a good foundation in financial literacy and sets them up for future success.
This guide provides tips to help encourage better spending habits in your child by focusing on boundaries and a budget.
This guide provides tips to help your child balance their saving tendencies. While some level of frugality is healthy, tightfistedness can be a problematic approach to money so it’s important to help your kiddos find a balance.
When hit with a tough question (“How much money do we have, Dad?”), we often dodge or change the subject. This guide provides 5 ways to answer tough money questions from your child .
This article provides 4 points to discuss with your child to help address your child’s money concerns.
This article provides 4 points to address your child’s tendencies to compare money circumstances with their peers. No matter what your answer, don’t shy away from the conversation.
Your child is curious about money, and is asking questions. It is important to be able to address the hard questions when they come up. Money concern comes up frequently and this article provides some suggested ways you can address this topic with your child.
This guide provides insights on what the tooth fairy should give, and what kids should do with their earnings. A tooth fairy tutorial!
Financial Psychology of Team BT. The BT Moms reflect on the financial lessons they learned from their mothers and hope to inspire you to pass on good financial habits and lessons to your child.
Read this guide to gain insights from clinical psychologist, Dr. Michele Barton, on how to handle our kids’ innate money habits.
This guide provides 4 ways to teach your child delayed gratification and gives another endorsement for allowance, a powerful tool in teaching kids good money habits by delaying gratification.
In this article you will read bout the psychology behind a sale and ways to teach your child to practice good money habits amidst the increased temptation to buy.