What is a bank statement?
Do your kids know what a bank statement is? How would you describe one? Here’s a few easy ways in.
Talking About Money
Brought to you by the RoosterMoney editorial team, in conjunction with some of our younger users, here’s a few kick-starters on how to have those positive conservations about money around the house. Whether you’re just trying to explain the difference between a need and a want, or you’re ready to get into the magic of compound interest, these little guides should come in handy.
Do your kids know what a bank statement is? How would you describe one? Here’s a few easy ways in.
We all talk about it, but it can be a bit hard describing the economy to kids. Here’s a few easy ways in
Talking about the different methods can help kids realise plastic cards aren’t a magical source of money!
Sadly, money doesn’t always appear magically as pocket money or birthday presents. Helping kids earn cash, rather than just handing it out, can teach them about the value of money.
Introducing the difference between Needs and Wants will help your kids decide where to spend right now, and even how to budget in later life. Win-win.
Explaining the basic concept of interest can really jump start your child’s enthusiasm for saving and help avoid running up debts in later life.