A significant amount of parenting is about coercing your kids into doing things that are good for them, such as eating vegetables and learning life skills. Playing computer games with your kids is a way to do just that. Under the guise of sitting at the computer to have fun, games can make it easy to teach them financial lessons, such as simple math, fractions and more abstract concepts.
Allowance is an excellent tool to teach kids about money while cutting your own expenses. The idea is you’ll make them save up for their own stuff, which will keep you from spending as much money on them. The problem is sometimes allowance ends up being a crutch that continues well into adulthood and only teaches grown “kids” to rely on their parents for income.
Ah, children. We know you’re trying your best not to mess yours up, but teaching kids about money is hard. If it wasn’t, this credit card would not even exist. So what do you do?