We don’t keep all of the money we earn in our wallets or at home. So where does it all go? Why do we put it there? How does it get there? In this episode, kids will hear us talk about:What a bank is.What a deposit is.Why we keep our money in a bank.Bank accounts.How we deposit money - cash and online deposits.Follow us on Instagram @kidsmoneyandmore for kids' money smart tips and to see what we're up to! Visit the Kids' Money & More blog for parent tips on how to hel...
Knowing how to budget is useful in various aspects of life, not just when it comes to money. We budget time, money and resources on a daily basis to help us effectively manage what we have. Let’s show our kids how to do the same by teaching them this valuable life skill.In this episode, kids will hear us talk about:What a budget isWhat income and expenses areHow to make a budget How a budget helps us understand how we spend our moneyClick here for Episode 8's suggested follow up ac...
Whether it’s at school, in their future job or for personal reasons, our kids need to know how to set goals for what they want to achieve. If your kids have been stashing away money from their birthday, the tooth fairy or their allowance, what are they saving for? When the time comes for spending that money, we want them to be SMART about it. So this episode is all about SMART saving goals. In this episode, kids will hear us talk about:What goals are and why they’re impo...
Some of the values we want to teach our kids are generosity, kindness and thinking about others. In Episode 6, kids will hear about:What fundraising is and how important it is.Some fundraising ideas.How everyone working together can make a really big difference.A detailed example of our firefighters fundraising for charity.Click here for Episode 6's suggested follow up activitiesIf you find value in this podcast and would like to support Kids Money & More, you can contribute her...
Money isn't unlimited and we need to make it stretch as far as we can. Getting good value for our money for things we buy, is important and sometimes it can be as simple as shopping at a different store or even just by looking at other items on the same shelf. In Episode 5, kids will hear about:Different examples of getting good value for money including a) how something can cost less for the exact same thing in a different store and b) how you can get more of something for the sam...
Making decisions can be a tricky process for us and our kids. It’s important to understand the difference between needs and wants, so that we spend smart and make good decisions. In Episode 4, kids will hear about: Needs - things we can’t live without. Wants - things we would like to have, but we don’t need them to stay alive. We can’t have everything we want, so we have to make decisions everyday. Some are easy and some are difficult.Spending smart. Thin...
This episode focuses on spending, saving and donating.In Episode 3, kids will hear about:Splitting money we are given, for Spending, Saving & Donating.Money isn't unlimited, so we should think very carefully about what we buy with it.That a habit is something we do without thinking and we should make saving money a habit from now, so that it's easy to do as we get older.We should put some money aside for donations, so that we can help others who need it more than us. Click here for E...
Understanding the value of money is an incredibly important concept for kids to understand early on, but it can also be difficult for them to understand when their math skills are limited while they are young. In episode 2, kids will hear:That money has a value, which means we can use it to buy things. That different countries have different names for their money like dollars and cents, pounds and pence and so on.That different coins and bills have different values and are wo...
These days, kids don’t see us use much cash because we use debit/credit cards, gift cards, e-transfers, google pay, PayPal, Stripe etc. This makes it harder and harder to visualize why we need money and the transaction process, because they don’t see it happening that often.In episode 1, kids will hear all about: What money is and what it looks and feels like (cash- coins & bills)What we can buy with our money -things we can see, things we can do and things we can’t seeWhy we h...
This quick Introductory episode provides kids with a quick explanation of what the Kids' Money & more podcast is all about and why they should be listening.Want to know more? Subscribe to this podcast and then head on over to www.kidsmoneyandmore.com for suggested episode activities and to check out the blog.
Michael Medlin
I loved it