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The Best Articles About Kids And Money

We’re constantly scouring the web for the best articles about teaching kids good money habits. When we find them, we add the very best ones here. The most recent ones are up top. Enjoy!

Find one we missed? Contact us and we’ll add it.

2017

  • Does your kid get an allowance? — Good allowance ideas here collected from some of our favorite personal finance bloggers (parent-paid interest, hybrid models, splitting in buckets, and more).
  • 12 Things I Learned From Doing My Own Taxes — Kid’s Corner — You’ve heard us rave about setting up a Roth IRA for your working teen with that first W-2 wage earning job and then helping out with contributions as a gift. It’s a Family 401(k), and it’s one of the smartest financial moves you can make for your kid. What if you want to start a Roth IRA even earlier for a child who’s earning money through a typical side-gig like babysitting? Then you’ll want to read this fabulous article to learn all about the tax implications.
  • Why Tough Summer Jobs Beat Summer School For Teens — Chelsea shares 5 important life lessons she learned working long, tough hours during the summer at a local tobacco farm. Here’s why you want to give your teen the gift of a summer of hard labor.
  • Bust Your Phone Again? These Teens Are Here to Help — For a Price — This Wall Street Journal article will inspire your budding kidpreneur. Some teens are really killing it by running their own businesses fixing smart phones with broken screens. They’re learning a lot about entrepreneurship along the way. Impressive.
  • Kids & Money: Counterintuitive Advice that Works! — Farnoosh offers four excellent tips for teaching kids about money that sound wrong at first blush, but turn out to be very right. The topics are allowance, handling wants, fielding awkward money questions, and encouraging savings.
  • Why Your Teen Should Work Part Time During the School Year — Part-time jobs with reasonable time demands have lots of potential benefits for teens: better grades, lower drop out rates, better time management skills, eligibility for Roth IRA contributions (offer a match if you can!) — oh, and more spending money too.
  • Five Common Mistakes People Make When Paying for College — Some wise college financial planning points from the Wall Street Journal. For example, this 529 nugget: “If your child wins a scholarship or goes to a military service academy, you can withdraw the equivalent amount from the account without penalty (you’ll have to pay income taxes on the portion that represents your gains, but not on your contributions).”
  • Nerd Gone Wild — Jonathan Clements made an early plan to get his kids invested. Our go-to plan has always been the “Family 401k” — opening a Roth IRA with that first summer job. But starting at birth is even better. Check it out. What’s your plan?
  • Grown-Up Lessons From A Lemonade Stand — Thinking about setting up a lemonade stand with your child to teach some lessons on entrepreneurship? Read this first for ideas on how to do it right!
  • Does Your Teen Have to Pay Taxes? — Emily Guy Birken provides solid, detailed info on tax considerations for your working teen.
  • Mo Money, No Problems — Here’s a creative, effective way to teach teens about money in a seminar setting.
  • Beyond the Lemonade Stand: The 40 Best Business Ideas for Kids — Side Hustle Nation’s Nick Loper hits up his friends for their best kidpreneur suggestions.

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