It’s almost summertime in Maine, and there are so many wonderful things to do! But for every family, there’s a budget to stick to. Here’s how to teach your kids smart ways to save and still have fun!
At cPort, we know the importance of helping young people learn how to manage their money. Especially in the summertime, when school is out, and everyone wants to go here, eat this, do that! It’s important to teach your kids how to spend and save responsibly, to start them on the path to financial success!
Some great ways to teach your kids about being money conscious are:
- Encourage (and assist!) them with setting up a curbside business such a lemonade! Kids will learn that hard work pays off, and it takes time to build up a Savings Account.
- Give them a set “allowance” and have them use the cash to purchase their food and entertainment for the day– they will begin to see the value of money first hand.
- Limit your frivolous spending, especially in their presence. Kids learn money habits from their family, so be sure to act fiscally responsible yourself to set a great example!
- Opening an Earnie Savings Account for kids ages 12 and under to learn about financial responsibility and have fun at the same time! Features include:
- Earnie the Starfish plushie
- Earnie Savings Passport to track deposits and earn goodies along the way
- A special birthday card from Earnie each year
There are a lot of great ideas for summer, budget-friendly entertainment:
- Make homemade popsicles on a hot day
- Create your own slip ‘n slide
- Go for a hike or nature walk (near some swim-safe water!)
- Tie-Dye shirts
- Check out more ideas here on Pinterest!