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Family Finances

Six Skills for Children to Master by Age 18

1. How to Manage a Cash Allowance


2. How to Manage a Checking Account


3. How to Save for a Goal
Tip: Offer to match what they put aside


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4. How to Compare Prices
Tip: Applies to supermarket and retail stores


5. How to Use the Magic of Compounding
Tip: Use our calculator, How Much Will the Savings Be Worth?


6. How to Get Out of Debt
Tip: Use our calculator, What Will It Take to Pay Off My Balance?


Back to: The Last Word on Kids and Cash