This year, we at BreadVault propose that every parent make a resolution to teach their kids something new about money each month. Sound challenging? It doesn’t have to be!
Here are some suggestions for how to introduce a money-related topic to your kids during each month of the year:
January Have your kids set savings goals for the year. Count up the money they have saved already and determine how much more is needed. You can then use BreadVault to track their progress.
February Introduce your kids to America Saves Week. They’ve already made savings goals last month, now encourage them to make a pledge to save for those goals. Also take a look at what others are pledging to save for.
March A month away from Tax Day, take a moment to teach your kids something about federal and state income taxes. Maybe you’ll even learn something new yourself!
April Since 2011, April has been recognized as Financial Literacy Month. Try finding an age appropriate book or video about money that you can share with your kids.
May Have your kids help plant a small garden in your yard, on your patio, or a community garden.
June Encourage your kids to brainstorm a way to earn extra money during the summer to help them reach their savings goals faster.
July Find an opportunity to volunteer.
August Include your kids in back to school shopping by letting them help plan a shopping trip. Make a list, set a budget, look for coupons, etc.
September As you celebrate Labor Day, remind your kids that the holiday is a celebration to honor the achievements of American workers who made our country what it is today.
October Have your kids pick a stock and track its performance. They can even make a portfolio of stocks to track with Motif Investing.
November As you reflect on what you are thankful for during Thanksgiving, remind your kids of those in need. Encourage them to look through their belongings and see if there are things they could donate to bring joy to a needy child.
December Look into organizations or churches that have Giving Trees. Let your kids select a tag for someone in need. Even better to involve them in the shopping, wrapping and dropping off the donated gift(s).