While they won’t help with the inevitable eye roll, these tips can help you connect and build mutual trust

If you’ve got kids approaching the tween years, you’re probably a little nervous (ok, let’s be honest—totally freaked out) about what’s going to happen when that inevitable sprout of independence blooms. Will you still know what’s going on at school, after school, or with friends? And, most importantly: How will you stay connected and close? The answer? Mutual trust. We asked experts to tell us some of the best ways to build trust with kids before they become teenagers.

Here’s what they said about building trust with tweens

1. Talk to them!

According to Mindy McKnight, author of VIRAL PARENTING: A Guide to Setting Boundaries, Building Trust, and Raising Responsible Kids in an Online World, the most important thing parents can do to build trust with their kids is to talk to them. Like, REALLY talk. The mom of six says, “Do your best to have open and honest conversations as often as you can. Yes, talk about the easy stuff like friends, school, interests, and memories, but don’t be afraid to delve into the more difficult stuff as well. Like bullying, sexuality, puberty, and hormones. Parents should be the first (and most reliable) source of information when it comes to establishing the foundation for their newly-forming ideals and opinions.”

Of course, finding time to talk can be tough. Try getting a few words in at bedtime or on car drives, when your kids are less likely to be distracted by screens, homework, or siblings.

2. Listen carefully to their perspectives—and validate what they are saying to you.

“When I was 12, we visited my uncle, who worked as a fertility endocrinologist in California. He was discussing abortion with another adult in the room, and I vividly remember him turning to me and asking what my opinion was on the subject. At age 12, I’m not sure I even really knew enough to have an opinion, but I remember exactly how I felt when he believed I might have something important to say. I felt so important. Ask your tweens their thoughts on important subjects, and you might just be surprised by what they have to say. Conversations like these also help them to become more informed and to share their opinions in a mature and respectful way,” says McKnight.

3. Be specific when setting boundaries—and stick to them.

Consistency and reliability are important building blocks of trust. If you’re going to set rules, make sure you’re specific, and stick to the rules and the consequences you’ve laid out if they aren’t followed. “We love contracts in our family. They help us ensure we have discussed all the different rules, potential outcomes, and subsequent consequences in teen-sensitive areas like the usage of smartphones, laptops, social media, cars, etc. Be careful not to establish consequences that you won’t actually enforce. Your war will be lost before you even begin,” McKnight says.

4. Take interest in your tween’s interests.

“If you notice that they have a specific interest in something, like video games or fashion, be sure to make that an interest for you too,” Mcknight says. “Learn about it, and talk about it. Even if the activity isn’t something you particularly love. Taking part in it will help open up many opportunities to spend quality time with your child, and communication with them will become much easier. Try it, and you’ll be surprised at how well this works.”

Related: 5 Phrases to Avoid Saying to Your Tween

dad talking with his tween daughter
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5. Answer their questions without judgment.

When a child or tween asks you questions about something—whether it’s something they saw on TV or something they heard in school—answer them without judgment. According to New York psychologist Sanam Hafeez, “Most parents just go into panic mode asking where they heard what they heard and then judging and getting negative. When kids feel as if they can communicate openly with parents without it turning into drama—or worse, accusations and arguing—they’ll be more trusting of their parents and will value their guidance and advice.”

6. Honor their personal space.

By age 8 or 9, privacy starts to become important to kids. Consequently, that’s when parents need to start respecting their personal space—for instance, always knocking on their door (or the bathroom door) instead of just barging in. “Respect and trust are intertwined. When a tween is concerned that their parents might move their things in their room, or think nothing about coming into the bathroom while they are showering, or randomly redecorate something in their room without first checking with them, it can fracture the trust,” Hafeez says. 

Note: If you have a house policy where all doors must be open a few inches, Hafeez said you can stick to that rule but still knock and peek in before swinging the door open. 

7. Lead by example.

If your eyes are constantly on your phone, and then you scold your kids for being glued to their iPads, they won’t be as willing to take you at your word. Be ready to “walk the walk” when you set rules for the family. Hafeez says, “Declaring you are going to revamp the way the family eats and then actually involve the tween in meal-planning… that could be a fun way to show that you stick to what you say you are going to do. This inspires trust and respect.”

8. Show your tween that you respect them.

Trust hinges on respect—and this respect should be mutual. So show your tweens that you respect them—even when they misbehave or disappoint you. When your child sneaks his iPad (again) on a school night, for instance, sit him down and admit that you’re disappointed. Ask him why he finds it hard to follow a particular rule and listen to his feelings about it. Whatever you do, don’t make rash statements like, “Why can’t you ever follow the rules?” or “We just can’t trust you.” Those statements just make kids feel like their parents don’t respect (or believe in) them. Parenting expert and former high school teacher Kara Carerro noted on her blog, “When a child grows up respected, they are more apt to confide in and trust their parents.”

9. Show your kids unconditional love.

Sure, you know that you love your kids unconditionally—but do they know? In this article, outreach specialist Tyler Jacobson says it’s important to show your kids that your love never diminishes or disappears. “The fact that you love them and want to rebuild your trust could go a long way to setting the tone for healing. Even when kids are little, it can be hard to forgive quickly, offer support for every little thing, and accept them for who they are NOW. But these are all ways to show unconditional love,” he says.

Related: 11 Things Tweens Think They’re Ready to Do, But Aren’t

Trek your way around DC with these walking paths that were (practically) made for strollers

The DC area has plenty of walking trails where you can opt outside and enjoy nature. The following places are our favorite, stroller-friendly ways for you to log some steps on the ol’ Fitbit, while bringing your baby along. 

The 12 Best Stroller-Friendly Hikes near DC

1. Mount Vernon Trail

This 18-mile trail stretches from George Washington’s home to Theodore Roosevelt Island. Skip the trail nearest to the island; it’s paved in dirt, mud and rocks and isn’t suitable for strollers. Instead, opt for the section of the trail that winds through Old Town Alexandria by way of the waterfront; it’s a low-impact walk with scenic views. You’ll find a more rigorous walk as you near Mount Vernon, where you will encounter some hills.

Online: nps.gov

2. Anacostia Riverwalk Trail

This path runs along both sides of the river with over 15 miles of trails to explore (most follow the water). There are plenty of places to explore along this route, but our favorite section of the path—which traverses Kenilworth Gardens—might be one of the prettiest sections. Not far from the gardens, you’ll also find 3-mile well-paved path running through Anacostia Park.

Online: nps.gov

3. Hains Point

On the southern tip of East Potomac Park, a man-made island in the Potomac, you will find a 4-mile trek along the waterfront. This is a flat, easy paved trail and ideal for strollers.

Online: nps.gov

4. Bethesda Trolley Trail

This paved pathway was originally used by the Rockville Railway streetcar line. It’s a quiet, 4-mile wooded path that has some inclines and elevation; perfect for those looking to challenge themselves on a strenuous walk or jog. The trail starts between Woodglen Dr. and Edson Ln. in North Bethesda and ends on Old Georgetown Rd. in Bethesda.

5. Theodore Roosevelt Island

Escape the traffic and noise of the city while in the city. This 88.5-acre island dedicated to the 26th U.S. president has easy trails you can follow to the paved Memorial Plaza, where an enormous statue of the president greets visitors. For a more ambitious undertaking, hop onto the 18-mile, paved Mount Vernon Trail, which stretches from the island to Mount Vernon, President George Washington’s home.

Online: nps.gov

6. Chesapeake and Ohio Canal

This National Historical Park covers 184.5 miles, some of which passes through some pretty picturesque parts of DC. The Georgetown towpath is flat and great for an easy walk or jog with a stroller. 

Online: nps.gov

7. Great Falls

OK, so this is still the C&O Canal, but the views are drastically different, so we are counting it twice. For strollers, stick to the wide gravel paths, but for anyone with a hankering for something more adventurous, the Billy Goat Trail has challenging rock climbs and breathtaking waterfall views.

Online: nps.gov

8. Potomac Heritage Trail

If Great Falls feels like too much, head a few miles away to this 2.5-mile stroller-friendly trail at Riverbend Park. It’s a nationally recognized scenic trail that follows the Potomac, so keep those cameras handy.

Online: nps.gov/pohe

9. Burke Lake Park

This park in Fairfax County was almost an airport, but neighbors fought that plan. Today, the park is home to a 4.7-mile flat trail that can be bumpy at times but easily accommodates a stroller.

Online: fairfaxcounty.gov

10. Locust Grove Nature Center

This 1.4-mile trail is jogging stroller-friendly and passes the Cabin John Creek, a meadow and an 80-year-old sycamore tree. Watch for butterflies in the summer, box turtles in the early morning and bats in the late afternoon. The trail begins and ends at the nature center.

Online: montgomeryparks.org

11. Woodend Nature Sanctuary

This 40-acre outdoor wonderland is the Audubon Naturalist Society’s headquarters. Walk the 1.1-mile trail loop, and visit the historic sites—the Woodend Mansion was designed by the same architect who did the Jefferson Memorial and National Gallery of Art.

Online: anshome.org

12. Meadowlark Botanical Gardens

Stroll the paved trails that wind through this park’s 95 acres. Stop to check out the koi pond and the Korean Bell Garden, a handmade structure that houses a bell made in South Korea. The path is hilly, which will keep it interesting for the little ones and a workout for the grown-ups.

Online: novaparks.com

—Meghan Meyers and Stephanie Kanowitz

 

 

If your youngest is the funniest sibling, you’re not alone

Is your youngest child always the one that makes you laugh or sends her siblings into a fit of giggles? Research may have just proved you right—a new survey of siblings and family members revealed that the funniest siblings are typically the youngest ones.

According to a survey conducted by British pollster YouGov, youngest siblings are most likely to believe that they are the funniest members of their families. Forty-six percent of younger siblings answered that they think they are the funniest versus just 36 percent of oldest siblings.

The study, which included 1,783 adult siblings who were asked to assess their personality traits based on their birth order, revealed some interesting insight into how birth order can impact a person as they become an adult.

“Splitting out the first and last born siblings in British families with more than one child (86% of the population), a clear divide in personality traits emerges,” a YouGov writer said about the findings. “The most significant difference is in feeling the burden of responsibility – most (54%) first borns say they are more responsible than their siblings, compared to 31% of last borns.”

YouGov continued, “To some extent age itself, rather than family dynamics, may be responsible for the differing characteristics. Older children, having had more time to get on in life, are more likely to say they are more successful than their siblings. But undoubtedly there are family forces at work – parental attention soon shifts onto new arrivals, and firstborns may have to learn the ropes themselves. As evidence, elder siblings are more likely to feel more organized and able to prioritize their own lives. Likewise, younger siblings are more likely to feel more favored by their parents.”

A few other things the survey uncovered include:

  • 54 percent of oldest siblings feel more organized than their younger brothers and sisters.
  • 47 percent of youngest siblings see themselves as “easy-going,” compared to 42 percent of older siblings.

March 14, aka 3.14 is officially Pi Day! If you are not sure how to explain “pi” to your kiddos, or if explaining it is met with blank stares, we’ve got the perfect way to make it interesting! Pie. Watch the video below to get a yummy tutorial on why circumference divided by diameter equals delicious.

 

 

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Teaching young children how to handle their finances pays huge dividends (pun 100% intended) both now and in the future. Not sure how to craft age-appropriate lessons for your squad? We interviewed four financial professionals and came up with a list of 10 money skills that deliver the biggest bang for your buck. Read on for all the details.

1. Use Everyday Moments to Talk about Money

Photo by Gustavo Fring from Pexels

"It's important to have regular conversations about money management while your child is still young to push them towards positive financial outcomes in early adulthood," advises Jennifer Seitz, Educational Content Lead at Greenlight and Certified Financial Education Instructor (CFEI). 

Make it make 'cents': Seitz suggests parents "Look for practical daily examples of spending and budgeting and share them with your child; for example, when you take your child grocery shopping, you can pull out your card for the cashier and then ask your child, "Do you know what type of card this is? Is it a credit card or a debit card?" 

This creates a learning opportunity to explain how debit cards take money directly from your bank account, while credit cards have a balance that must be paid each month. It's not free money or magic money—help your child understand how it works!"

 

2. Talk about Wants vs. Needs

mom daughter computer online school virtual elearning
Photo by August de Richelieu from Pexels

We need air, food, water, shelter and clothing. While your crew might beg to differ, we don't need toy cars or princess crowns. Needs are the things we buy before we buy the things we want.

Make it make 'cents': Together with the kiddo, grab a bunch of old magazines and coupon mailers, cut out different pictures, and glue them on a sheet of paper so that you have a collage of wants and a collage of needs.

3. Pay Kids for Unusual Tasks

Photo by Amina Filkins from Pexels

How nice would it be to get paid for making your bed, folding clothes or cutting your grass? Alas, it's not the case, so why do we lead kids on with chore-driven allowance? Consider giving them cash for extra work that they don't usually do (i.e., helping cook dinner or washing the family pet).

Make it make 'cents': Charge your mini-money makers with organizing a bake sale to earn extra money. They'll have a blast setting up shop and get a taste of what it's like to have a job.

 

4. Demonstrate the Wonder of Compound Interest

Photo by Ben White on Unsplash

Tom Byrum, Sr. Director, Head of Global Sales Compensation at a Fortune 500 company, uses a hands-on approach to get his child excited about saving money. "I'm paying my 10-year-old daughter an exorbitant monthly interest rate on her savings to illustrate the time value of money. She had fun calculating how much her $37 would grow at 10 percent interest per day for 30 days (no, that's not what I'm paying). She kept guessing how much she thought it would be and passed her guess two cycles later." 

Make it make 'cents': Even the smallest fry can learn this lesson if you make it visual. Arm yourself with a roll of pennies and a Mason jar so your preschooler can see how quickly the change builds up.

 

5. Explain the Different Types of Money

Sharon McCutcheon via Unsplash

There are coins, paper bills, paper checks, debit and credit cards–and you use them all at different times for purchases. The idea of monetary variety is a hard one to grasp for the under 10 set, especially when you can buy things with "invisible money" (aka credit cards). And let's not even get started on the difference between a checking and a savings account. 

Rod Griffin, Senior Director of Public Education and Advocacy at Experian, advises parents to "...help their children develop good financial habits by teaching them the difference between a checking and savings account and how banks store funds. Take a trip to the bank as a teaching experience and deposit or cash a check." 

Make it make 'cents': Make "invisible" money visible. Set one person up as the bank and have your kid "pay" for items around the house with a debit card. The bank person should then take the money out of the bank and give it to you.

6. Talk about Credit Cards

Frankie Cordoba via Unsplash

"Without the proper knowledge of best practices, credit cards can lead to a lot of trouble for adults, both young and old," says Griffin. "Parents should teach children what credit cards are and how to use them wisely. Going through a credit card statement can go a long way in helping children understand the cause and effect of using credit cards, the importance of making on-time payments and how it can impact their credit score."

Make it make 'cents': Role play the difference between making a purchase with good credit vs. bad credit. Kids with good credit can buy a popsicle for $2, while those with low scores get charged $6. If you have more than one child, we suggest giving everyone the same credit score, so you don't start a mutiny.

7. Teach Kids to Budget and Plan for Their Needs

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Ashraf Jaffer, Adjunct Accounting Professor at the University of North Carolina, has been doing this since her son was five years old. "He has a budget from birthday and holiday money. When he was younger, we would give him the prices of things he wanted. He would come up with a combination of things that would fit within his budget (which is a great way to incorporate math lessons). Now that he is older, we ask him to research prices and come up with a proposal and justification. The final decision is with us, but he feels he is more in control and participates in the decision process."

Make it make 'cents': Print out a calendar and pencil in planned family trips, holidays and special occasions. Ask your child to set aside spending money for each event before budgeting for immediate wants.

8. Don't Fudge the Budget

Photo by RODNAE Productions from Pexels

"Stick to the budget and do not exceed it even if your kid's argument for spending more is great," advises Jaffer. "They will learn to prioritize spending needs and patience if you don't give in and increase the budget." 

We know, we know—easier said than done. But the sooner kids understand that they can't buy things if they don't have enough money, the better. 

Make it make 'cents': Create and label four money jars: "spend," "save," "share," and "invest." It's up to your kiddo to decide where the money goes. Another fun way to practice budgeting? Play Monopoly!

9. Model Charitable Giving

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Kids have great examples of $$$-stingy characters—think Scrooge, who no matter how much money he has, hoards it all to himself. Giving (even the smallest amount) to those who have less is a fundamental money lesson that naturally empathetic kids can enjoy.

Make it make 'cents': Together, research and choose one charity to donate money to each month.

10. Reinforce Positive Money Choices

A teacher high fives a student in class
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“Talk about their successes and reward them,” says Seitz. “Did they decide against buying something they didn’t really need? Smart move! Explain that now they can use the money for something else, which is that core money principal: opportunity cost. Did they choose to save their birthday money for an important big-ticket item? Tell them how proud you are! And why learning to save is so important as they grow up and become financially independent.”

Make it make 'cents': Be as specific as possible in your praise to really solidify the lesson. The more your little one feels warm and fuzzy about their financially responsible decisions, the better.

 

—Teresa Douglas & Ayren Jackson

Featured image: iStock 

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Raising kids isn’t easy on the pocketbook and escaping for a night away isn’t either. If you’ve been scratching your head wondering about the going rate for a sitter, Care.com has the answer.

The online mecca of childcare resources has a babysitting rates calculator that helps you pay a fair wage based on your location! The easy-to-use feature lets you input your zip code, years of experience you’d like your sitter to have, number of children and how often you’ll need help. Then, like magic it spits out the going rate in your area for childcare.

While parents don’t love forking over the dough for babysitting, there’s no denying that you can’t put a price on the safety of your kids. Knowing the cost of a sitter with the experience you want will go along way in finding the perfect person (not just anyone) who will become part of the fam.

Once you’ve nailed down the going rate for a local sitter or nanny, you can use Care.com‘s super helpful lists of the best sitters in your area with a quick click of the button, and you’re off to the races.

—Karly Wood

Feature photo: Care.com/Shutterstock

 

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When it comes to photographing kids, the pros know you always need a few tricks to get the perfect shot. Make sure you capture some of those epic adventures in style this holiday season with our favorite picture hacks.

1. The Hack: Expect the Unexpected

Arek Socha via Pixabay

Hannah Harding, professional family photographer and family photo expert at Vices & Virtues in Photography, reminds parents out there trying to capture that perfect moment: Appreciate unplanned photos. "Posed photos have their place," Hannah says, "but my heart lies with candid photos."

Yes, of course you want that quintessential image of your kiddos smiling at the camera with something iconic in the background (i.e. the giant ornament display downtown). But don't forget to snap images of the kiddos in their natural environment, at play, when you can. Just before you conduct the scene, take a minute to capture the spontaneous beauty of the holiday magic.

2. The Hack: Disable the flash.

Victoria Borodinova via Pixabay

Skip the whole "how-do-I-use-this-flash??" drama by snapping your pics during the day and preferably outdoors (or near an open window). Pictures that have to be taken with a flash often have a strange, yellow hue—not what you want for your subjects. Unless you're using night mode on the new iPhone, flash images can be tricky for the average photographer. 

When your photo needs extra light (but you know the flash will ruin the pic), grab a friend. Have them turn on their phone’s flashlight as your source of light. They can hold it towards one side of your subject to naturally mimic the sun as you take the shot. 

3. The Hack: Use a car window foil screen to prevent glare.

iStock

Even in the winter months, the sun can ruin a shot. If you're getting nothing but squinty eyes and scrunchy faces courtesy of the sun's glare (see photo below), try this. Hold a car window foil screen outside the shot; the screen makes a great reflector that’s perfect for redirecting light in outdoor shots. 

4. The hack: Use natural surroundings to your advantage (and to block the sun).

Kelly Sikkema via Unsplash

You've probably heard a million times to stand with your back to the sun to keep your subject from appearing too dark in a photo, but if you are strategic about what blocks the sun, you can get an enchanting outdoor photo. 

5. The Hack: Use a coffee sleeve as a lens hood.

Brainjet

Another secret weapon to cut down on glare? Save those java sleeves for your next photo session. You can use them when the sun causes glare on your camera lens, ruining your snapshot.

6. The Hack: Stick a lovie on top of the camera.

Alexas Fotos via Pixabay

For little ones who are looking in every direction, except for the direction of the camera, duct tape a small stuffed animal to the top of the camera to encourage them to look in that direction (and — ta-da! — at the camera). Anything with a rattle or bells works well for younger kids too (and sometimes even pets!). 

Hannah Harding also reminds us about making kids comfortable, “If you’re having trouble getting a child to stay still for a shot, use something to distract them. For example, questions like, 'What does that cloud look like?’"

7. The Hack: Get close. And then get closer.

iStock

Those cheeks. Those eyes. That wispy hair. That's the kind of detail that you can't capture by snapping a photo of your kid from a distance. Get close to them (and don't worry about cutting off a tip of their ear or part of their cheek) for a must-frame photo of your little one's adorable face.

Harding says, “Get down to their level. It’s a great way to get a fantastic shot, and it makes them feel less intimidated, rather than an adult towering over them making demands.”

8. The Hack: Use your iPhone headphones as a shutter button.

Joel De Vera via Unsplash

Taking a family selfie is no easy feat—unless you're an iPhone user. You can take photos using the volume control on your iPhone headphones (the ones that come in the box). Prop the camera up, pose, and shoot. Those of you with Apple watches are probably already doing this hack right from your wrist!

9. The Hack: Go off-center.

Soledadsnp via Pixabay

Every good photo has three points of interest achieved by allowing each third of any image to include one point of interest. Remember, it doesn't have to be perfectly even. Go off-center for a natural pro vibe. 

10. The Hack: Make an insta-tripod with binder clips.

Public Domain via Pixabay

No matter how well-behaved your mini models are acting, a shaky hand can make the perfect smartphone shot look blurry or crooked. Prevent this phenomenon by attaching two binder clips to the side or back of your mobile phone. If you want in on the photo, use the headphones hack from above.

 

11. The Hack: Tilt heads just so to prevent red eye.

TreVoy Kelly via Pixabay

If red eye constantly ruins your family photos, try this: When using flash, have everyone look slightly above the camera so that their eyes won’t catch the flash head on (assuming you ignored rule #`1 here).

 

12. The Hack: Turn your garage into a photo studio.

Ksenia Misgirava

Surprise! Your garage isn't just good for storing sleds and scooters. Garages work well as a DIY photo studio because an open garage door lets in the perfect amount of soft, directional light. Simply hang a sheet as a backdrop beforehand.

13. The Hack: Use Vaseline to create an old school vignette-y look.

Melissa Wilt via Pixabay

You don't have to be a fancy-pants photographer to give your photos a great vintage feel. The insider's secret is to rub a little Vaseline on the sides of the lens and snap away. If you use a phone for your photos, this hack also works but go sparing with the goo.  

 

14. The Hack: Stagger heads in family pics.

jty11117777 via Pixabay

A straight line of heads in a family photo can look boring and staged. Your crew may get into the perfect pose naturally, but if not, just try to position them so that no head is directly on top of or beside one another.

 

15. The hack: Use the grid to achieve the rule of thirds.

Pexels via Pixabay

Every good photo has three points of interest achieved by allowing each third of any image to include one point of interest. Remember, it doesn't have to be perfectly even. If you are using a camera phone, turn the grid option on to help you figure it out. Line up your subject into one-third of the right, left, top or bottom of the grid. 

 

Photo: Greenlight

According to a report by the Brookings Institution, teenage financial literacy is positively correlated with asset accumulation and net worth at age 25. It may be surprising for parents to hear that only 28 states have some type of financial education standards in younger grades, including middle school, according to the Brookings report.

For us, this begs the question: If a school in your area isn’t implementing these types of courses, what can parents do at home to start the process?

The money talk may not be as intimidating as other conversations you might have with your kids, but it’s still a lot to think about. Believe it or not, 49 percent of parents say they’re not sure how to explain money to their child. Our answer? Start simple — explain common budgeting terms or have a chat about why saving is so important.

When kids make decisions on whether to spend or save their money, they’re learning about trade-offs. Kids learn a lot of other valuable lessons when they manage their own money, and the sooner they get started the quicker they’ll learn.

Open the conversation with something like, “You might not have enough money to buy XYZ right now, but add to your savings over time and you’ll get there!”  Another way to plant the seed? Try pointing out something that you’re saving for—maybe it’s a new TV or a family vacation. This opens up the conversation and makes it relatable.

Some tips on talking finances with the kids:

  • Get started early. Savings accounts can be created as soon as your child is born. You can do this quickly and easily by signing up for apps like Greenlight.
  • Set up recurring deposits. Deposits add up and grow over time, especially if you’re earning interest. When you’re ready, show your kids the impact of saving regularly.
  • Provide hands-on experience. Start giving your kids real-world experience with money and making financial decisions. When a night out at the movies means a delay in buying a new videogame, they’re learning. When they decide to eat at home instead of spending money at a restaurant, they’re taking action. Rather than learn these lessons when they’re out on their own, they can learn with you by their side, which is comforting for both of you.
  • Teach kids about saving. If kids can spend it, they can save it. Kids are tech-savvy so us an app like Greenlight that easily shows them what happens when they save money over time. When they start earning some money of their own—whether from gifts, allowance or chores—encourage them to save some of it, even if it’s for a big purchase down the road.
  • Talk about interest. Interest and compound interest are incredibly important for building wealth over time, but it can be tough for kids to grasp. Break down these concepts to your kids in a way that is easy to understand and fun to learn about. A hands-on approach is setting your own interest for your kids.
  • Explore investing as a family.  We encourage kids to explore real-life investing with their parents. Work with kids to pick stocks of companies whose products and services they understand and use. Have them research the companies they know to understand what they do, how well they are performing now, and how well they may be doing in the future.

To ensure our younger generations are growing up with a solid baseline of financial literacy, it’s important for these lessons to start in the home when kids are young. The greatest gift you can give your kids is to help them pave a path to financial independence.

Denise Daniels,RN, MS and creator of the groundbreaking children’s brand The Moodsters is a Peabody award-winning journalist, author, and parenting and child-development expert dedicated to putting young children on the path to positive mental health. She created The Moodsters—five quirky little feelings detectives who solve the mysteries of emotions. 

Photo: Greenlight

Most parents know a thing or two about saving money for emergencies. But with our kids, it may be hard for them to understand why we need to save for a rainy day. Right now we’re all spending a lot of time at home. Some of us are watching the news and some are answering tough questions about current events. Either way, we have a special opportunity to share the importance of saving for emergencies with our kids in a way that makes sense to them.

Put it in their world. The current economic climate provides a real-world example that can serve as a lesson-teacher for your kids. If they’re old enough, share how you or members of your community may be affected by losing work. Talk about how emergency savings can help them through tough times.

1. Set a budget. Saving isn’t always easy, especially when you have needs and wants that take up your monthly budget. Help your kids understand how to budget by putting a limit on when and where they can spend. For some families, kids can only use their money for gas. For others, they can spend anywhere. Setting a budget helps your kids get in the mindset of allocating their earnings and putting must-haves before nice-to-haves.

2. Make it visual. Kids learn by doing. As you show your kids that it’s important to save, also show them how. Work together to set savings goals or talk to them about a big-ticket item you’ve needed to save for. With the Greenlight app, kids can set their own goals and watch their progress bar advance as their savings grow.

3. Incentivize saving. Kids are more excited to save money when they have an incentive. Encourage them to continue putting money away for emergencies by matching them or setting your own interest rate for them. Greenlight parents are able to set a parent-paid interest rate so that saving more means earning more.

4. Monitor balances. Show your kids the importance of checking their balances. While it may not directly impact their emergency funds, this helps them form the habit of closely monitoring their spending so they can live within their means.

When we teach our kids about money at a young age, they’re able to form smart habits for life. The next time you run out of stay-at-home activities to keep the family busy, take some time to work with your kids on managing their money—it pays off in the long run.

 

Denise Daniels,RN, MS and creator of the groundbreaking children’s brand The Moodsters is a Peabody award-winning journalist, author, and parenting and child-development expert dedicated to putting young children on the path to positive mental health. She created The Moodsters—five quirky little feelings detectives who solve the mysteries of emotions.