Balancing good parenting with everything else you have going on in life is impressive. If you can throw some financial literacy into the mix, some might say you’ve reached proper superparent status.
Financial parenting can come in many forms, all of them valuable in their own way. Do you know which type of financial superparent you are? (If not, take the quiz at http://www.kasasa.com/quiz.) Below are the 5 financial superparents we’ve identified through our quiz and 15 resources to help you teach your kids about money.
Kasasa accounts aren’t like other bank accounts. When you’re doing the research to find a new bank, an option with higher interest rates than average and extra rewards on top might sound too good to be true. It’s not and here’s why.
As discussed in earlier posts on this blog, Kasasa rewards are tied to certain, simple behaviors you do that benefit your bank or credit union (what we call qualifications). You get great interest rates, ATM refunds, and other rewards, and they make or save money because of the actions account holders like you do.
All of the qualifications that earn you Kasasa rewards are easy. In almost every case, they’re things you were already doing. In this and upcoming posts, we’ll share a little more about how Kasasa accounts work and how you can get more from your checking account.
Debit Card Swipe Qualifications
This post is all about the debit card swipe qualification. Every time you use your debit card, your bank or credit union benefits (and you do, too!). Debit card swipe fees earn your institution some extra money, which makes it easier for them to provide a better deal to you. That win-win relationship is the whole idea behind Kasasa.
Checking accounts are among the most basic, widely available financial products in existence, but how much attention does the average American pay to his or her checking choices? Not as much as you might think, according to a new study.
The Consumer Banking Insights Survey—commissioned by Kasasa® in conjunction with more than 200 community banks and credit unions, and conducted online by Harris Poll in December 2013 among more than 1,000 U.S. adults (ages 18 and up)—found that, 92 percent of Americans have at least one checking account, and of them, 64 percent use those accounts as their primary method of payment.
Yet, while most Americans have a checking account, few spend a lot of time evaluating whether their accounts are meeting their needs. The lack of attention could explain why many consumers, especially those who use a megabank, say they feel taken advantage of by fees.
The habits and values kids pick up when they’re young can play an important role in the decisions they make as adults. Financial literacy month is a good opportunity to work on instilling smart money skills and habits in your kids.
But let’s face it, teaching kids about money can seem like a lost cause. What kid wants to hear about the value of saving when there are video games and online apps to play?
It’s a good thing there are a number of educational games that combine the fun interactive experiences kids love with an introduction to some of the most important financial literacy concepts they should learn. Since today is Teach Children To Save Day, here are a few to get you started.
5 Fun Games That Teach Financial Literacy For Kids
Teaching kids about money is one of the most important jobs a parent has. Yet 74% of parents are reluctant to talk to their kids about money. If you’re making an effort to teach your kids financial literacy, you’re already ahead of the game.
There’s no one right way to teach your kids about money, as long as you keep financial education in mind as a priority. 28% of parents say they’re not good enough with money to teach their kids about it, but it’s likely you know and do more than you think. In fact, the tips and tricks parents use to explain how money works can get pretty impressive – impressive enough that we’ve identified several different types of financial superparents and created a quiz so you can identify which type you are.