Money Lessons to Teach Your Kids During the Summer

Kids Money

Join our #CreditChat on Periscope, YouTube Live, Twitter, and Snapchat on Wednesday, July 26 at 3 p.m ET. In this chat we discussed financial conversations and savings tips your can share with your kids this summer.

We’re also featuring financial tips all week on Snapchat.

Questions We Discussed:

  • Q1: How did you earn money as a child or teen during the summer?
  • Q2: How can parents incorporate financial lessons into their children’s free time during the summer?
  • Q3: How can parents help their children understand the difference between “Needs” and “Wants”?
  • Q4: How can parents involve their kids in budgeting for summer activities, i.e. summer camps, summer sports, etc.?
  • Q5: What are some simple ways kids can earn funds during the summer?
  • Q6: Many teens take on summer jobs. What financial lessons can parents teach their kids when they earn their first paychecks?
  • Q7: How can parents involve their kids in creating a back to school budget?
  • Q8: How can parents teach their kids about setting financial goals during the summer?
  • Q9: How can we help kids prioritize saving for the long term vs. spending their money right away?
  • Q10: Do you have any favorite apps, games or activities geared at teaching kids about finances?

View the Complete Tweetchat via Storify

Resources:

8 Best Sites to Help Your Kids Learn About Money via Wisebread

4 Parenting Mistakes to Avoid When Teaching Kids About Money via Wisebread

If you’ve never heard about #CreditChat, here is a brief overview:

Relevant chats on YouTube: