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FamilyMint grows, fueled by kids managing money
Among parents with children ages 23-28, a recent 2010 Families & Money survey found 41 percent of parents still providing some level of financial support to their children with just 35 percent expecting their grown children to achieve financial independence by age 30. FamilyMint.com empowes kids to take charge of their own finances.
Tips on Giving an Allowance
An allowance is a great means to teach children how to manage money, develop budgeting skills and encourage independence. By giving an allowance and giving the child the responsibility to pay for the things they want and activities they like to do, it helps them see money is a limited resource and they must budget it wisely.
Five Ways to Cut Teen Summer Travel Costs
After months of saving, many teens anticipate spending part of their summer traveling with friends. However, it’s important for teens to plan trips as wisely as they save for them. Whether it’s an overnight camping trip or a week on a coastal beach, smart planning is equally important to financial success.
Giving Back, Putting Money into Perspective
Giving back teaches your child the skills of being able to do more with less. This lesson will roll over into many aspects of their lives, including a true understanding of financial needs and wants. The better they understand this difference, the more likely they will make smart financial decisions as they get older.
Testimonials More Testimonials
Don W. – Shelby, MI
I recently started using FamilyMint with my children and already have seen a drastic change of mindset like when it came to a purchase just today. It was my three children splitting the cost with my wife and I helping in a small part, buying their own DVD/VCR player to watch a DVD. Although they could have gone in together to purchase a DVD as well. They decided to watch a free rental from the Clinton-Macomb Library. Things are different as it is their money now that is being spent.
Jill
I have really enjoyed Family Mint these past couple weeks. Previously, I did the banking of my four kids on an Excel sheet that I set up. The increased ease and flexibility that Family Mint offers is wonderful.
