The minute my son turned eighteen, our mailbox became flooded with credit card advertisements aimed at him. In our culture, young students and newly marrieds find themselves facing the expectation that they need to have it all, right now. Money management is a definite need in our homeschooling today.
Thankfully, there are many great products out there that help us with this. Family Mint is one of these. An online money management system, Family Mint allows parents to be the bank while their kids learn to keep track of their transaction and record their spending and saving habits.
If your family chooses to give allowances, this is one good way to keep track of these and teach your children good financial habits at the same time. If you do not give allowances, this could be used as a unit on finances with "virtual" money that could be spent on privileges.
The greatest thing about this program is that it is FREE. Free is always a plus in homeschooling families, as most are one-income. I believe a Pro version is in the works, but the free version has much to offer. Check it out at FamilyMint.com.
Posts
