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Talking about money with your kid doesn’t have to be a big, serious sit-down chat. In fact, it’s the small, everyday moments at the supermarket, splitting a bill, planning a weekend treat that builds real money smarts over time.
Kit’s first Money Bite ‘Money Moments’ shares three quick, easy ways to bring your kid into those moments and turn everyday spending into confident money habits.
When kids have their own money, they’re given the chance to make decisions (and mistakes) they can learn from. Creating a consistent routine that works for your family is the key to making chores meaningful.
Take setting up chores for your family from daunting to doable in four bite-sized steps, and make work a game with a printable Chore Bingo sheet.
The value of work can’t always be measured in dollars and cents, from volunteering at your local school or club, to keeping your household running smoothly. When kids learn the value of unpaid work, they learn values of community, responsibility and pride.
Money Bite #3 makes it as easy as 1–2–3 to help your kid get a head start in giving back and feeling good about it.
Saving doesn’t have to be scary, for your kids or you. Kids can go from instant gratification gremlins to savvy savers, but they need your support to set goals that work, keep them front of mind, and keep up the momentum.
Money Bite #4 gives you three easy steps to teach your kids saving skills that last a lifetime.
If you dislike in-game currencies, then you’re not alone – research shows that kids find it scary and deceptive.
With a little help from Money Bite #5 you can demystify in-game currencies and put your kids back in control of their cash.
Can you spot a scam? What about your kids?
In Money Bite #6 you and your kids can learn the clues to look for and what to do if you think you’re being scammed. It’s never too early to learn how to keep your money safe.