What's in store this month?
- 💰 6 Ways to Teach Kids About Money This September
- 📊 The Latest Kids’ Allowance Report Results
- 📚Best Money Books for Kids
- 🧹Improvements to Chores
- ❤️ Spread The Love
- 🐓 Trending at RoosterHQ
💰 6 Ways to Teach Kids About Money This September
In true RoosterMoney fashion, we’re back to give you more ways to bring money lessons into your everyday life. Here are some ways to teach kids about money this September!
1) Seasonal Supply & Demand 🗓 🍓🍒
Seasonal veg is often cheaper so it can be a great way to introduce the topic of supply and demand.
Encourage your kids to research which fruits and vegetables are in season and hunt together for them next time you go out (or online) for a grocery shop!
You can explain to them that certain fruits and vegetables are cheaper as there’s more supply of it this time of year. When there is more supply of something, prices remain low or even start to fall because people won’t want to pay more for items that can be found easily. When it’s out of season, it’s harder to find, so people are willing to pay more. So you can eat fresh and save money at the same time!
2) Set a savings goal 🥅
Setting a goal gives your kids a reason to start saving!
Ask them what they really want to buy and discuss a goal that’s realistic. You can even get your kids to do the math…
📊The Latest Kids’ Allowance Report Results
We’ve just released our latest Kids’ Allowance Report, a snapshot of the family allowance economy.
Last quarter the average pocket money for 4-14 year olds stayed steady at $8.91 with an impressive savings rate of 41% which is great to see.
We also saw an interesting shift in spending habits, with Roblox & Fortnite overtaking Books & Candy for the first time
since we started the Kids’ Allowance Report.
📚Best Money Books for Kids
In celebration of National Literacy Month, here’s our RoosterMoney – 2020 refreshed – list of best money books for kids.
The way we see it, storytelling isn’t just for entertainment. It’s also a really effective way to teach complex subjects, like MONEY 💰
From saving for a new toy to dissecting bitcoin, we’ve found 8 entertaining and engaging books for your kids! These will act as great conversation starters for the whole family, touching on a broad range of money management topics from budgeting to entrepreneurship!
- All About Money 💰
By Margarita Brown, Isaac Joshua Brown, Anna Kidalova and Sarah Brown
This fun and practical workbook is packed with information all about…you guessed it – money! From helping your kids understand money, how people make it, how the government is involved, to taxes, and understanding what the economy is – this book covers it all.
It’s super interactive and as it’s designed to be a ‘do it yourself’ homeschool curriculum. It’s handy for parents who might be homeschooling their children due to the pandemic, but can also be used by parents to assist their kids to learn more about money (even if they are already back at school).
We especially love that it covers both past and current events – it encourages students to look into historic events such as the Great Depression to researching topics such as how Covid-19 is impacting our world today!
🧹Improvements to Chores
Every family has different ways of managing their chores and allowance routine. Our aim at RoosterMoney is to be the most flexible allowance and chore system out there to suit different families’ needs! 😀
With our latest update (app v7.1.0) we’ve listened to your feedback and introduced the following changes:
✅View & approve past chores
🔎Change your’s and your child’s display to see chores that need to be done today
🗓Schedule chores to repeat every 2 or 3 days allowing you to alternate daily chores
💰 See all extra earners display for the week as separate instances
❤️ Spread The Love
If you love using RoosterMoney and want to spread the word, you can do so by:
📲 Opening the app
🔎 Tapping on explore
👉 Clicking on refer friends!
🐓 Trending at RoosterHQ
AsapSCIENCE is a Youtube channel that produces fantastic videos that touch on many different science topics – from sleep experiments to a song for the periodic table and more!
We love National Geographic Kids – where you can learn interesting animal facts, watch animal web cams, see and share photos of nature and more!