STREAMING NOW: Watch Now

My Money Monday, April 16 - Teaching kids good money habits

What are some tips to help parents teach their kids good money habits?

Posted: Jun 20, 2018 2:03 PM

Link: https://www.firstalliancecu.com/blog/5-ways-to-teach-kids-good-money-habits

Q: What are some tips to help parents teach their kids good money habits?

A: Books are a great way to start. Reading stories is an excellent way for kids to learn about spending and saving in a fun way. There are tons of books out there for kids of all ages to help them learn about money.

Q: Can an allowance be a good way for kids to learn good money habits?

A: Yes, when kids have an opportunity to earn their allowance it opens up more opportunities to talk about the importance of saving and the responsibility of spending wisely. Some families have kids complete chores to get their allowance, this can help kids make the connection to earning an income.

Q: What are some other activities other than an allowance you can do at home with your kids?

A fun way to help your children learn about saving is to use piggy banks or jars to collect loose change or birthday money. You can also use envelopes for children to draw pictures of what they’d like to save their money for. Or you can take them with you to make deposits at your credit union.

Minnesota Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 42281

Reported Deaths: 1540
CountyConfirmedDeaths
Hennepin13568791
Ramsey5256233
Dakota271396
Stearns252319
Anoka2422111
Nobles16886
Washington128341
Olmsted127620
Mower9832
Rice8848
Scott8814
Clay61338
Kandiyohi5931
Blue Earth5752
Wright5395
Carver4942
Todd4032
Sherburne3695
Lyon3442
Freeborn3130
Watonwan2710
Steele2471
Benton2393
St. Louis23516
Nicollet20612
Martin1755
Winona14415
Goodhue1428
Cottonwood1410
Le Sueur1321
Otter Tail1141
Crow Wing11312
Pine1130
Chisago1101
McLeod1030
Dodge970
Carlton940
Polk903
Unassigned8838
Isanti830
Murray820
Chippewa811
Waseca780
Pipestone744
Douglas730
Itasca7112
Becker660
Morrison661
Meeker641
Faribault620
Sibley582
Jackson570
Pennington540
Beltrami530
Brown462
Mille Lacs402
Wabasha390
Renville372
Fillmore360
Rock340
Swift331
Grant320
Houston320
Yellow Medicine310
Roseau280
Redwood250
Wilkin223
Koochiching211
Norman210
Cass192
Lincoln190
Big Stone170
Kanabec171
Wadena170
Aitkin160
Marshall160
Clearwater130
Mahnomen131
Pope130
Stevens110
Hubbard100
Lake90
Traverse60
Lac qui Parle50
Red Lake40
Kittson20
Cook10
Lake of the Woods00

Iowa Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 35313

Reported Deaths: 751
CountyConfirmedDeaths
Polk7538185
Woodbury334644
Black Hawk251959
Buena Vista173811
Johnson14798
Dallas140931
Linn139983
Marshall110019
Scott108410
Dubuque97823
Story8726
Pottawattamie83513
Wapello71531
Muscatine69345
Crawford6813
Sioux5050
Tama48729
Webster4285
Wright3991
Louisa36713
Jasper35417
Plymouth3525
Warren3331
Cerro Gordo3171
Dickinson3063
Washington2569
Hamilton2021
Boone1721
Clay1501
Clarke1443
Allamakee1384
Clinton1381
Mahaska11917
Shelby1190
Carroll1171
Bremer1167
Poweshiek1138
Franklin1120
Pocahontas1091
Des Moines1022
Emmet970
Cedar961
Henry933
Hardin920
Cherokee851
Marion850
Floyd822
Taylor810
Guthrie784
Monona780
Benton751
Jones721
Butler702
Osceola690
Sac680
Buchanan651
Calhoun652
Iowa631
Jefferson630
Harrison620
Hancock611
Jackson610
Humboldt601
Lyon600
Fayette590
Delaware561
Madison552
Lee542
Mills530
Palo Alto530
Monroe527
Clayton503
Winneshiek500
Grundy470
Mitchell460
Winnebago440
Davis431
Union430
Kossuth420
Howard370
Lucas354
Unassigned350
Chickasaw310
Greene310
Cass300
Worth250
Ida230
Keokuk231
Appanoose223
Page220
Van Buren210
Audubon181
Adair170
Ringgold161
Montgomery152
Decatur130
Fremont110
Wayne110
Adams80
Rochester
Broken Clouds
69° wxIcon
Hi: 77° Lo: 57°
Feels Like: 69°
Mason City
Broken Clouds
69° wxIcon
Hi: 80° Lo: 60°
Feels Like: 69°
Albert Lea
Broken Clouds
73° wxIcon
Hi: 77° Lo: 58°
Feels Like: 73°
Austin
Broken Clouds
70° wxIcon
Hi: 79° Lo: 59°
Feels Like: 70°
Charles City
Clear
68° wxIcon
Hi: 85° Lo: 62°
Feels Like: 68°
Slight Risk of Severe Storms Tuesday as a Cold Front approaches
KIMT Radar
KIMT Eye in the sky

Latest Video

Image

Sean's 10pm Weather 7/13

Image

Albert Lea council considers Covid response

Image

Rochester Police Policy Conversation

Image

Training the area's best basketball stars

Image

Pandemic Positive: A decline in air pollution

Image

Sen. Smith Highlights Health Inequalities

Image

School district weighs back to school options

Image

Reopening Day Services for people with disabilities

Image

Mask Policy at Mason City airport - encouraged not required

Image

Testing site convergence

Community Events