Do you know how you can teach your children to use money while making their individuation phase easier for them? here is the gift of teaching have to use and save money.
Whether your children are 10 or 30 years old, they will need to learn about how to use the money better, so you can help them live a more comfortable life by helping them get into the habit of spending sparingly at an early age. Of course, we are not talking about the gifts you can give them to learn to use money, and what you need to do is to provide them with cash. Instead, we’ve suggested several ways your kids can get smarter about saving, investing, budgeting, and debt.
Here are the things you can give your child as a gift:
- Purchase subscriptions to a variety of personal finance magazines or free email newsletters or Money.com free email newsletters.
- Gift the books “Get a Financial Life: Personal Finance in Your Twenties and Thirties” and “Make Your Child a Money Genius (Even If You’re Not)”.
- If you get a Roth IRA, children can save some of their employment income and put it into their eventual retirement.
- Using the Venmo app to easily transfer money from your bank account to theirs – is especially useful for pizza runs at college
- Acorns and Piggy Banks
Each of these gifts options could offer different types of returns and lessons for the kids involved. They even can help fund their college payment by saving Money.
Ideas for Personal Finance Magazines
Kiplinger’s Personal Finance Magazine
It is one of the best sellers in its own field on Amazon. You can purchase a Kindle for $11.88 or a print for $34.95. You can check your subscription on Amazon every month. This is a good opportunity for your kids if you want to teach them about finance.
Think Realty is another option that you can purchase from Amazon and get subscription. The magazine is about real estates and you will need to pay $39.99 for it. Your kid will get real estate tips and real estate news with this magazine. There are also lots of investing idea for the different regions of the United States of America.
Focus Money is another magazine that you can purchase from Amazon. However the magazine is in the german language. If your kid is interested in finance and german languages. This can be a good opportunity for your kid.