We’ve released a new report on our findings for how young people can acquire three building blocks of financial capability which include: executive function, financial habits and norms, and financial knowledge and decision-making skills. Read on to find strategies for educators, policymakers, and parents.
Military parents can use back-to-school season as an opportunity to teach their children money management lessons. Here are some basic guidelines and resources.
“Can you buy this for me, pleeease?” It’s normal for young children to have a hard time not getting everything they want. Your questions and explanations can help them develop habits that can help their financial future.
Take control of your financial life with these ten tools that can help you make choices at the grocery store, pay your credit card bill, and deal with debt. They can also prepare you for money decisions like buying a home or figuring out how to pay for college.
When it comes to managing money and making choices, practice putting your thoughts into words. You can help your children better understand the complicated world of financial decision making happening around them.
At home and in
groups, you can use our book list and discussion guides to talk about money
topics with your children.
Fathers know it’s important to teach kids about money. Here’s how you can help your kids build money skills, just by focusing on your strengths.
As many families are preparing to celebrate the Mother’s Day holiday, new family norms are creating the need for alternatives in financial care. Get help with our national Managing Someone Else’s Money Guides.
On our newly redesigned web resource Money as You Grow, you will find activities designed for each age group to help prepare your children for their financial lives. We’ve also combined the activities with our research on how adults develop financial well-being to show you why the activities work. Let us know what you think!
Hacer que sus hijos ahorren dinero puede ser más difícil que lograr que se cepillen los dientes o coman sus vegetales. Pero es uno de muchos hábitos buenos respecto al dinero que puede inculcar a sus hijos. Siga leyendo para enterarse cómo usted puede desarrollar una mentalidad de ahorro desde la primera infancia hasta la adultez temprana.
Money can be a complicated topic, and knowing what’s best for your child can be difficult. To help parents and caregivers, we’re launching a newly redesigned web resource, Money as You Grow, with activities designed for each age group, from children as young as three years old to teenagers and young adults.
In this last part in the series, we’re going to explore how teenagers practice the financial skills that drive their choices in adulthood.
Anteriormente, en nuestra serie sobre cómo los niños forman las habilidades y hábitos para lograr un bienestar financiero en la adultez, habíamos compartido algunas anécdotas de los padres. Habíamos indicado cómo la niñez es un buen momento para adquirir ciertas habilidades como el autocontrol y la capacidad de planificación y además en la pre-adolescencia los jóvenes se familiarizan con el mundo financiero que los rodea . En esta última parte de la serie, vamos a explorar cómo los adolescentes practican las habilidades financieras que impulsan sus opciones en la adultez.
Cuando los niños son pequeños, pueden aprender autocontrol y cómo planificar de anticipado, las cuales son habilidades necesarias para una base financiera sólida. A medida que sus hijos crecen, probablemente estarán cada vez más expuestos a la influencia de los amigos y la publicidad. Es por esto que el papel de los padres es esencial en el desarrollo de los hábitos financieros.
We recently heard stories from parents that reinforce what our research shows: The preteen years are critical for developing an internal compass for what’s important and what’s not. Here are some examples of how children can learn important lessons from parents – even if they are just shopping for shoes.
As a parent, you are the most powerful influence on your children’s financial lives. In the first five years of life, children go through rapid neurological growth and can quickly expand key abilities such as self-regulation and planning for the future.
La niñez es un buen momento para aprender sobre el dinero. Sin embargo, el dinero es un concepto abstracto. Incluso antes de que los cerebros de los niños estén listos para la idea del dinero, estos ya pueden empezar a encaminarse hacia un sólido futuro financiero.
El verano pasado aprendimos que los adolescentes estadounidenses están en el medio del grupo (en inglés) cuando se trata de educación financiera, en comparación con otras naciones. El preparar a los jóvenes para un futuro financiero sólido es un trabajo importante. Y aún queda mucho por hacer.
If you have kids, it might surprise you to know that children as young as five years old can be ready to learn about saving and spending. From early childhood to young adulthood, you can build the foundation to enable them to manage their finances as adults. Here are some key takeaways from researchers that you can put into practice.
Parents often want to open accounts for their children, to help them learn about saving for the future and managing their money. And young people often go to a bank to open an account when they get their first job and start earning money. However, when trying to open an account for a child under age 18, some people run into roadblocks.
America Saves Week is coming soon. This annual event helps thousands of us start out on a regular program of saving money toward our goals. We’ve all got goals and plans for the future, and a lot of them cost money.
The holiday season provides a particularly good opportunity to reach kids with some basic money attitudes. Your children absorb what you say and what you do, so think out loud as you shop for gifts and buy food for holiday meals.
Parents are the strongest influence on how kids learn and think about money, and the back-to-school shopping season is a great time for some major money lessons. It’s never too early to help your kids make smart money choices – and it’s never too late. We’ve got age-appropriate activities, ideas, and links for parents and children, on the topics that parents told us they care most about.
This past year, we’ve been working with the Department of Education on a project to help colleges provide clear and comparable financial aid information. Over the course of that project, we learned that more standard information could spur the innovation of apps and digital tools to allow students to better understand their decision to take […]
In my first blog post I wrote that part of our work in the Office of Financial Empowerment is connecting with people and organizations around the country that are building financial stability for low-income and other economically vulnerable Americans. Last week, over 400 participants joined CFPB Director Richard Cordray, Division of Consumer Education and Engagement […]
