Gift Ideas that Help to Teach Kids the Value of Money

As the holiday season approaches, consider celebrating the season while teaching loved ones a lesson on finances and money. These educational gift ideas can even help to establish good money habits for the future. Consider the following ideas: Buy a small Certificate of Deposit (CD) and watch with your child as interest grows over time; […]

orcutt financial blog gifts that can help educate our children about moneyAs the holiday season approaches, consider celebrating the season while teaching loved ones a lesson on finances and money. These educational gift ideas can even help to establish good money habits for the future.

Consider the following ideas:

  • Buy a small Certificate of Deposit (CD) and watch with your child as interest grows over time; Buy a real piggy bank and match a portion of what your young child contributes from an allowance;
  • Introduce your child to stocks and then buy a few shares of a company that they know of, such as a favorite game or restaurant they enjoy;
  • Open an IRA for your children with part-time jobs and match their contributions. Then you can illustrate how a dollar (or more) can grow over many years.

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