Next time you tell your kids to rake the leaves, do the dishes or clean the bathroom, you can safely add, “It’s for your own good.” Marty Rossmann of the University of Mississippi used data collected over 25 years, starting in 1967, to discern whether asking children to help with household chores starting at age… View Article
After a background with Fortune 100 companies and in Private Equity, Ken Damato developed the idea for DoughMain. DoughMain is created by parents for families and holds the goal of teaching financial responsibility. With DoughMain’s kid-friendly platform, Ken offers a great tool for families to use. Ken took some time to chat with us about spending,… View Article
When it comes to financial literacy, parents know it’s important to give kids the knowledge and skills they need to manage money. In fact, 81 percent say it’s their responsibility as parents to teach children about money and saving, according to a 2012 survey by the website DoughMain. While you’re teaching children about smart spending,… View Article
Should you give an allowance or chores? How much should you pay for chores? How can you manage and teach money management? In this article, you will learn about why its important to allow your child to practice money management and some simple ways to start.
Kids are never too young to start learning money management skills and ways to avoid the traps of debt. These days, parents have access to many free or very inexpensive online resources, fun games, and smartphone apps to help in this training process. In this article we go over a few ways you can help kids of all ages learn about money and how to use it wisely.