Money Lessons to Teach Your Kids During the Summer

Join our #CreditChat on Periscope, YouTube Live, Twitter, and Snapchat on Wednesday, July 26 at 3 p.m ET. In this chat we discussed financial conversations and savings tips your can share with your kids this summer.

We’re also featuring financial tips all week on Snapchat.

Questions We Discussed:

Q1: How did you earn money as a child or teen during the summer?
Q2: How can parents incorporate financial lessons into their children’s free time during the summer?
Q3: How can parents help their children understand the difference between “Needs” and “Wants”?
Q4: How can parents involve their kids in budgeting for summer activities, i.e. summer camps, summer sports, etc.?
Q5: What are some simple ways kids can earn funds during the summer?
Q6: Many teens take on summer jobs. What financial lessons can parents teach their kids when they earn their first paychecks?
Q7: How can parents involve their kids in creating a back to school budget?
Q8: How can parents teach their kids about setting financial goals during the summer?
Q9: How can we help kids prioritize saving for the long term vs. spending their money right away?
Q10: Do you have any favorite apps, games or activities geared at teaching kids about finances?