Money Tips

A treasure trove of useful tips for teaching kids about money. From how much pocket money to give and age appropriate chores ideas, to fun money activities and printable reward charts – we’ve got you covered.

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#19 Which way to pay?

Stay at home challenge – Which way to pay? Cash is fairly easy for kids to understand, but other methods from plastic cards to smartphones can be trickier for kids to get their head’s around.

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#18 Needs & Wants List

Stay at home challenge – Needs & Wants List. Understanding the difference between needs and wants is key to good decision making in all aspects of life, not just money.

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#16 Choose a cause

Stay at home challenge – Choose a cause. Discuss some potential causes your child could support, and encourage them to choose one that matches their interests and matters to them.

How to organize your family chores list?

Chores are a necessary part of daily life, but that doesn’t mean they have to be a burden. In fact, if you have kids, not only can you get them involved in the family chores, but find the right system, and you can turn it into an educational experience for them too.

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#11 Family Dinner Party

Stay at home challenge – Family Dinner Party. This one is a great way to bring together a lot of big money lessons in one simple… meal! Get the kids to organise Saturday night’s dinner.

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#10 – 1¢ or $1000?

Stay at home challenge – 1¢ or $1000? Which would you choose? It’s a simple question, with a surprising answer. And a great lesson on the power of compound interest, for all of us.

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#9 Aiming for Goals

Stay at home challenge – Aiming for Goals. Kids love thinking about what they want, and what they can buy. So use that enthusiasm to help them draw up their own budget.

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#8 Wallet Workout

Stay at home challenge – Wallet workout. Quite simply, your kids tip out all the cards in your wallet, but this time, instead of getting angry, you turn it into a money lesson!

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#7 What do I do all day?

Stay at home challenge – What do I do all day? Take this opportunity to talk to your kids about your job? What do you do, and why? It could get them thinking about what they want to do too.

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#6 Home Tuck Shop

Stay at home challenge – Set up a tuck shop at home. Laura Symond’s genius way of keeping the kids from nagging for sweets whilst also teaching them some valuable money lessons.

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#5 Retro Board Games

Stay at home challenge – Dust off those retro board games. Monopoly and The Game of Life are great games that involve concepts like earning and saving, so are full of valuable lessons.

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#3 Wizard Chess

Stay at home challenge – Wizard Chess. Get a couple of big bags of pennies (or anything that’s stackable), and a chessboard. A great way to show the power of compound interest.

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New Year, New Allowance Routine

New Year, New Start – and a great time to introduce a new allowance routine. Allowance is a brilliant way to help your children learn about managing money. It can kick start conversations about budgeting, saving and working for rewards. If your children have been given cash for Christmas, they can add allowance to get closer to big savings goals.

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Should you pay for grades?

Should you pay for grades? In this post we look at both sides of the debate as well as some tips and tricks for parents to get started.

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The Advantages of Pocket Money – A Parent’s Guide

It may just seem like another expense in the long list of regular outgoings, but there’s a number of very good reasons behind why we’ve been giving a regular amount of money to children for the past two hundred years. So let’s look at the advantages of giving pocket money!

Allowance Chores List – A Parent’s Guide

Allowance & Chores – It’s the second most popular question we get from parents, just behind ‘How much allowance money should I give?’ and understandably so, it can be a sensitive subject that stirs up mixed emotions.

Teaching Children About Money

What’s on this page? Introduction to teaching children about money Talking to kids about money Pocket money Pocket money routines How much pocket money to give Using chores for kids as an educational tool Reward chart systems Money activities for kids Integrating lessons into the everyday Arts and Crafts activities Money activities at home   […]

Pocket Money Reward Chart Template

Many families on RoosterMoney use a reward chart and star charts to help manage their children’s pocket money or get them involved in household jobs! We have created a free reward chart template to make it easy for you to print off a customisable reward chart. To create your chart, choose from the tasks under […]