5 Tips For Teaching Kids About Money


According to the AICPA, kids are earning $30 per week on average, but only 3% are saving their money.

It's one of the most important skills for success in adulthood, but financial literacy is often not taught in school.


That means it's on parents and caregivers to help kids learn to save and manage their money effectively, even if they were not taught it themselves.


And research shows that parents could use some tips for teaching their children how to save their money.


A recent study published by the American Institute of CPA's found that kids are spending an average of 5 hours per week on chores and earning an average of $30 per week in allowance (about $1500 per year).