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Kids Ain't Cheap

But They Sure Are Worth It

Best Travel Crib for Twins

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Best Travel Crib for Twins

Traveling with babies and toddlers is always interesting.  First, you have to plan the actual trip.  How will baby do?  What can you do as a parent to make baby more comfortable and able to pass the time while you’re traveling?  But then there are other considerations, namely, all the gear that you have to pack so you can travel with baby.  Think playpens, strollers, portable changing tables, etc.  If you have twins, the planning is likely double.  However, if you choose one of the best travel cribs for twins, you may get a lot of your travel gear in one purchase.

Best Travel Crib for Twins

Now that more people are having twins, the market has exploded.  Lucky for us as buyers, that means there are many choices available.

Joovy Room²

Hands down, the best travel crib for twins is the Joovy Room².

This product comes with a thick pad for the bottom as well as a soft, fitted, waterproof sheet.  This playpen can accommodate children from newborns to those 35 inches tall, which means you’ll be able to use it for several years.  (The manufacturer asks that you discontinue use when the child can climb out.)

Pros

There are many pros with the Joovy Room².

Spacious

This portable playpen is bigger than standard pack n plays, which makes it ideal for twins.  In fact, it’s nearly 10 square feet in size and can easily accommodate two children.

Additional Features

The Joovy Room² has wide mesh on all sides, so you can more easily see your children.

It also comes with a storage bag that you can use when traveling with the Joovy.

Finally, it has two wheels on the bottom to allow you to easily move the Joovy Room².

Twin Nursery Center Bassinet Playpen Accessory

For newborns and infants, you can purchase the Joovy Twin Nursery Center Bassinet Playpen Accessory.

Best Travel Crib for Twins

This handy accessory turns your playpen into the perfect portable crib for twin babies.  It includes:

  • Bassinet,
  • Bassinet divider (so each baby has their own separate space to sleep in), and
  • Changing table (which sits on top of the bassinet area)

For convenience, the changing table flips to the side when not in use.

The bassinet holds up to 30 pounds, which means the twins can use it until they weigh 15 pounds each.

Cons

Although twin parents love the Joovy Room², it does have some drawbacks.

Heavy

Because it is large and comes with a high quality, thick mattress, some parents say that it’s heavy.  A few even say it’s too heavy to travel with.  However, that is a minority of parents.

Bunching Sheet

Other parents complain that after the sheet has been washed a few times, it has the tendency to bunch and not fit as snugly as when it was new.

Final Thoughts

If you’re looking for the best travel crib for twins, consider adding the Joovy Room² to your baby registry or buying it.  This product will continue to serve your family for several years.

Read More

Discounts for Parents of Twins and Multiples

What I Love Most about Having Twins!

Tips on Buying Gifts for Twins

Dyper Review

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As a parent to a young child, nothing beats the convenience of disposable diapers.  Even if you feel inclined to use cloth diapers, which most parents don’t, you’re not always able to do so because many daycares only accept disposable diapers.  However, for eco conscious parents, disposable diapers may morally be tough to use.  After all, they take decades to decompose (some estimate as many as five hundred years!).  The decision to use disposable diapers is a bit easier if you consider an eco-friendly company like Dyper.

Dyper Review

Dyper Review

Dyper is an eco-friendly company that offers diapers and services unlike any other on the diaper market.

What Makes Dyper Different

There are many ways that Dyper is different from other diaper companies.

Eco-Friendly Diapers

Dyper’s diapers are made of bamboo.  Unlike other disposable diapers, Dyper’s contain no print or decoration; the diapers are solid white.  These diapers also are free of many chemicals found in other brands.  Specifically, they do NOT contain any of the following:

  • Chlorine,
  • Latex,
  • PVC,
  • TBT,
  • Antioxidants,
  • Perfumes,
  • Lotions, or
  • Phthalates

SOS Program

When you buy from Dyper, you sign up for a monthly delivery of diapers.  However, should you run short on diapers, Dyper has an SOS program.  This program, available a maximum of two times per year to active subscribers, will give you diapers within four hours (if you live in the 12 large cities currently offering this feature.)  Otherwise, diapers will be sent to you the next day.   Even better, they’ll be sent to whatever location you’re currently at, even if it’s at the beach while you’re vacationing.

Recycling Program

Dyper offers a ReDyper program (extra fee applies).  The company will send you eco-friendly bags, a shipping box, and prepaid label.  When you’re ready to empty your diaper pail, don’t put the contents in the garbage, which will go into the landfill.  Instead, put the diapers in the bag in the shipping box, seal and label and put it out by your front door.  Dyper will pick it up and recycle your diapers, keeping them out of the landfill.

This option is something that really sets Dyper apart from other diaper companies.

How Much Is Dyper’s Monthly Service?

A monthly subscription to Dyper is $68 a month.  The first month, you get 30% off, making your total $47.60.

The number of diapers you get per month depends on the size diaper that your child is wearing:

  • Newborn – 264 diapers/delivery
  • Small – 224 diapers/delivery
  • Medium – 184 diapers/delivery
  • Large – 140 diapers/delivery
  • Extra Large – 120 diapers/delivery

Dyper Review

Other Products Dyper Offers

In addition to disposable diapers, Dyper also offers

  • Training pants,
  • Cloth diapers,
  • Baby wipes,
  • Alcohol wipes,
  • Diaper cream,
  • Diaper pail, and several other products

Basically, Dyper has your diapering needs covered.

Final Thoughts

Hopefully, this review has helped you to see that if you’re looking for an eco-friendly diaper company, look no further than Dyper.  Their convenient subscription service saves you the hassle of making trips to the store for diapers, and their recycling program keeps disposable diapers out of the landfill.

Read More

How to Save Hundreds on Diapers,

Free Diapers for Low Income Families,

Cloth Diapers Vs. Disposable Diapers

4 Best Hoverboards for Kids

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best hoverboards for kids With summer looming ahead, many kids are requesting outdoor equipment that will keep them entertained while on a break from school. Hoverboards are a hot item, and many parents are concerned about the cost, safety, and which ones are going to be the most durable. Today, we explore four of the best hoverboards for kids. Note that all have been UL 2272 Certified for fire and electrical safety.

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Owlet Smart Sock 2 Review: Is the Owlet Worth It?

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is the owlet worth itBringing home your baby from the hospital is a joyous occasion, but it’s also scary, especially for first-time parents. You may be even more scared if your child has health issues. For this reason, many parents turn to baby monitors for help. The Owlet Smart Sock 2 is the most unique type of baby monitor on the market. Created by Kurt Workman, Zack Bomsta, and Jordan Monroe, the Smart Sock is getting rave reviews after just a few years on the market. Is the Owlet worth it? Here’s what you should know.

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My FreeCreditReport.com Review: How Does It Measure Up With Its Competitors?

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freecreditreport.com reviewThe latest studies show that over $16 billion was stolen from consumers in 2016 thanks to identity theft. One way to monitor your personal information for signs of potential identity theft is to keep track of what’s on your credit report. A popular place for checking your report is FreeCreditReport.com, but is it secure and reliable? We’re going to find out in my FreeCreditReport.com review.

My FreeCreditReport.com Review – Is It Reliable?

What Does Freecreditreport.Com Offer?

If you read the name, Free Credit Report sounds obvious, right? Although many of the older reviews I found included complaints that the services offered by Free Credit weren’t really free, the company has changed things up and now offers some items with no monetary obligation.

Here is what Free Credit Report offers with their no-cost plan.

FreeCreditReport.com review

You can get your Experian credit score and credit report completely free of charge. The sign-up process with Free Credit Report is easy. First, fill in basic information such as your name and address.

FreeCreditReport.com review

After that, verify some personal credit or other information for security reasons. Questions may reference your mortgage lender or what your eye color says on your driver’s license.

When you’ve answered all questions correctly, you’ll find your credit score.

FreeCreditReport.com review

Since Experian owns Free Credit Report, you’ll only get your Experian FICO, and not your TransUnion FICO scores.

Here are a few other things you’ll discover:

  • Your current revolving debt balances
  • How much available credit you’re currently using
  • Your revolving credit limit
  • Any recommended action steps like credit card balance transfers.

The site also shares how you compare to others in your area regarding your credit score and credit card balances. There are call-to-action boxes that offer Free Credit Report’s upgraded membership that will allow you to view all three credit reports (Experian and TransUnion) or sign up for advanced identity theft protection.

When you sign in to the site in any follow-up visits, the first landing page will be an offer to sign up for their upgraded plan. The plan says it is $4.99 for the first month, but after that, you will pay $19.99 per month for their upgraded plan.

FreeCreditReport.com

Below is a “no” box that allows you to continue using their free plan, so there is no obligation to upgrade and you won’t be asked to enter a credit card number with the free plan.

Recommended Reading: “Facts About Loans Debt and How It Can Affect You”

How Does Free Credit Report Compare to Other Companies?

Other companies offer free credit reports too, but are they legit? Do they really give you your credit report for free? Here are some of the more well-known competitors of FreeCreditReport.com and what they offer.

Credit Sesame

Like Annual Credit Report, Credit Sesame offers you a picture of your financial situation for free. However, it is a compilation made from your credit reports and credit scores, and not your actual credit report or FICO score.  Here is the statement from their website:

The annual free credit report that you get from the major credit bureaus is different from the free credit report card that Credit Sesame provides its users.

So while you will get a free picture of your creditworthiness from Credit Sesame, the reports and credit scores are different from what you’ll find on your actual Experian, and TransUnion credit reports.

Credit Karma

Credit Karma does give consumers free access to credit bureaus and their FICO scores as well, but only from TransUnion. They’ll also send you a notice if anything important changes on your credit bureau.

Based on the information listed in their reports they will recommend products and services to you, but your membership to Credit Karma is totally free.

In Conclusion

Free credit reporting companies are everywhere, it seems. Therefore, you should thoroughly research a company before signing up. Your goal is to avoid hidden fees and costs. FreeCreditReport.com is one company that delivers what it promises: your Experian credit report and credit score, free of charge.

Next Up: Loans for Stay-at-Home Moms: What Are Your Options?

How do you check your credit? Was this FreeCreditReport.com review helpful? Let us know in the comments!

You can also check out this great credit score tool online:

How to Afford Being a Stay-at-Home Mom

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how to afford being a stay-at-home momWhen I was pregnant with my first child, every day held excitement about the future. But I couldn’t quite shake the weight I felt on my shoulders when I thought about returning to work six weeks after her birth. I wanted so desperately to stay home, but simply couldn’t imagine how to afford being a stay-at-home mom.

It just doesn’t come up much in school, does it? “Living On Half Your Income 101.” Yeah, not so much. Today’s culture often says things like “Put it on credit” or “You deserve more” or good ‘ole “YOLO.” But some dreams involve spending and earning a whole lot less.

And they sure are worth it.

See, my husband and I really needed a roadmap, some kind of guidelines to help us navigate these tumultuous waters.

If that’s you, then let me encourage you. Our “get-your-financial-act-together” journey started in 2011. In 2012, my husband and I paid off $22,000 to become debt-free right before our daughter’s birth. We stockpiled as much as we could into our emergency savings and learned to continually live within our means (MUCH harder than it sounds!).

This led to one of the happiest days of my life. It was in May of 2014. I was 30 weeks pregnant with our second child and kept having labor symptoms when I’d work on my feet all day at my job. Rather than risk a premature delivery, that became the catalyst for our leap of faith.

That was the day I quit my job and officially became a stay-at-home mom. I waddled to my car with astonishment stamped on my face. It really was happening.

You need to understand the primary reason for this astonishment. We would now be living on less than $2,000 a month. It seems impossible that we could have done this (especially if you knew how bad we were at budgeting when we were single!). The thing is, we hustled our hineys off and no longer had debt. We’d been budgeting like paupers and renting from family instead of rushing into a home we couldn’t afford.

Even on such a small income, we really were ready. Hence my amazement.

Every dream is different. And that’s OK.

Your dream may not be to stay home. That’s totally fine! If you love working outside the home, then embrace that and enjoy your work. Nor are you required to generate an income if you do decide to stay home full-time. Let’s just get that out there.

So many of the steps we took as a couple had very little to do with me making extra money from home. They set an important foundation that centered around three major components:

  • Communication
  • Changing habits
  • Financial freedom

Let’s pull back the curtain a little further and explore what I mean.

How to Afford Being a Stay-at-Home Mom

Here are some practical first steps you can take in your journey toward spending more time with your kids!

Step #1: Kick debt to the curb.

When my husband and I committed to paying off our outstanding debt in two years instead of seven, we forced ourselves to:

  • Budget every month
  • Snip our credit cards and always pay with debit or cash
  • Live intentionally on less
  • Communicate in healthier ways about money

For example, the biggest way my husband and I melted debt was to intentionally begin living on his income. It took months, but eventually, we were able to apply every dime from my paycheck toward debt.

After that, our small income became that much more powerful. Imagine what you could do with your money if you didn’t have any payments. That one thought spurred us on.

Recommended Article: “10 Steps to Create a Successful Stay-at-Home Mom Budget”

Step #2: Save for the unexpected.

Saving for emergencies is the most powerful way you can create financial stability in your home. Smaller emergencies like an oil leak can be covered in the “auto repair” portion of your budget. But what if your income-generating spouse loses his job? That buffer is the difference between you remaining a stay-at-home mom through that transition or scrambling for work alongside your partner.

A great place to start with a savings buffer is $1,000. More can be accumulated once you’re out of debt, but that first $1k is your Kevlar vest against calamity.

Step #3: Act.

We covered the basics. Whether you’re a mother or would like to be one someday, you can begin this journey today. It’s time to choose your next step and ACT.

A great place to start is a conversation with your significant other. This plan requires openness and commitment from both of you. It’s also going to take time. Best to start the conversation now.

For example, when I messed up the budget, I knew I could approach my husband about it instead of burying my head in the sand like I’d done in the past. We worked through many problems that way. Extend grace. Talk about your dreams. Re-commit.

Another great next step is to further your education. Try joining a Facebook group that centers around whipping your family finances into shape. The added support is tremendous. Here are two great groups you can join:

Build on the foundation.

If you’ve read this far, it means you’re dead serious about your dream of becoming a stay-at-home mom. That’s awesome.

I believe you can do it, but this is just the framework. It’s not going to keep the rain or wind out of your house. To add siding, insulation, a roof, and even some shiplap if that’s your fancy, then I strongly encourage you to check out my eBook called “The Stay-at-Home Mom Blueprint.” In it, I expand my story on climbing out of debt and achieving my dream of staying home. I also walk you through 150 practical strategies that my husband and I used (and still use today) to communicate better, chop debt, and save money.SAHM Blueprint

This is the roadmap I wish I’d had when we first dreamed of transitioning into a single-income family.

Also, if you do want to earn money from home, “The Stay-at-Home Mom Blueprint” includes dozens of ideas to sell your stuff, earn gift cards or cash from home, or build an online business. My business didn’t happen until nearly two years after I became a SAHM. Since then, I’ve made nearly $20,000 just working part-time as a freelance writer. I know without a doubt that this business wouldn’t have happened if I hadn’t safely transitioned into a stay-at-home mom first.

Ready to take your journey toward staying home to the next level?

Grab your copy of “The Stay-at-Home Mom Blueprint” today.

Your Turn: What advice would you give someone on how to afford being a stay-at-home mom? Share with us below!

This post may contain affiliate links.

Image Credit: AI Photography

Hungry for more financial tips for stay-at-home moms? Look no further!

How to Launch a 52-Week Money Challenge for Kids

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52-week money challenge for kidsAs you set your goals each year, it’s fun to include your children in the process. Involvement helps them learn to set goals of their own. In the interest of helping them develop strong savings habits, why not have them participate in a 52-week money challenge for kids?

Similar to the well-known 52-week money challenge for adults, the kids’ challenge helps kids to save more money by determining a set amount of cash to put into a savings account, and then increasing that amount each and every week.

How to Personalize Your Child’s 52-Week Money Challenge for Kids

Based on your child’s age and his or her ability to access money, you can pick the weekly money amount that works best for their particular situation.

Even with the smallest weekly contribution, the savings will add up. If your child is younger, you can start with a small amount – for example, a nickel – each week. Here’s how the challenge works:

  • $0.05 contribution – WEEK 1
  • $0.10 contribution – WEEK 2
  • $0.15 contribution – WEEK 3

And so on. If you choose to use a nickel for the challenge, your child simply increases each weekly savings contribution by one nickel. By the end of the 52 weeks, your child will have saved $68.90.

Here is a breakdown of other coin values and potential savings amounts:

  • Dime = Save $137.80 by the end of the 52 weeks.
  • Quarter = Save $344.50 by the end of the 52 weeks.
  • Dollar = Save $1,378 by the end of the 52 weeks.

Why Teaching Kids to Save is Important

We’re living in a time where it’s easy to not save money. Clever marketing and social pressures encourage kids to spend rather than save. Therefore, they start to believe they can have the latest and greatest of everything on the market – without the hard work of earning it.

Saving money is becoming less and less important to people as generations go by. America’s declining savings rate proves it. In May of 1975, the personal savings rate in the United States reached a high of 17%. At the end of 2016, it was 5.4%.

By teaching our children to develop a habit of saving money, we give them a head start on the road to financial responsibility.

Other Ways to Teach Kids to Save

Besides using a 52-week money challenge for kids, there are other ways you can teach your children to make saving money a consistent habit.

  • Require your kids to save a percentage of all money they earn or receive as a gift
  • Boost your child’s enthusiasm for saving by committing to match what they put into savings dollar for dollar
  • Create a savings contest between you and your child (or between your children) to see who can save the biggest percentage of their income for the year

The 52-week money challenge for kids is a great way to encourage children not just to save money, but to challenge themselves to save more than they initially thought was possible. So, give your kids the gift of making savings a habit starting today.

Bonus Reading: “6 Fun Money Games for Kids”

Would you ever do a 52-week money challenge with your child? Have ever done one on your own? Let us know in the comments below!

Image Credit: Nathaniel_U (Creative Commons)

Are you a stay-at-home mom? Make sure you bookmark or pin some of these resources for later!

6 Fun Money Games for Kids

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money games for kidsMore and more parents are realizing how important it is to teach kids about money. But, how can we teach them in a way that’s both engaging and educational? There are several money games for kids designed just for that purpose. Here are some ideas for both online and offline money games.

6 Fun Money Games for Kids

Dollars and Dice

This is a simple money game that will have kids polishing their math skills without even realizing it. Using a single die and a variety of coins, kids roll the die to earn one of the following values:

1 = a penny

2 = a nickel

3 = a dime

4 = a quarter

5 = a coin of their choice

6 = lose a turn

The first person to collect exactly one dollar wins. If a player is close to hitting the dollar mark but goes over, they lose their turn.

Escape From Barter Island

This is a fun, interactive online game from the federal bank of Cleveland. The player has to learn how to barter his or her way to a new sail for their boat. Navigating through the signs, they learn how to trade up using items they already own. If they trade right, they’ll eventually get their new sail so they can get home.

Play Escape from Barter Island.

Hide and Seek

Yes, your kids can play hide and seek and learn about money at the same time!

First, parents gather several coins of multiple values. If you have younger kids who are still learning to count, use pennies only. Then hide the coins in various places around the house. The kids are then set loose for a preset time period to find coins.

When the time is up (or when all coins are found – parents’ choice) kids count up their totals. The player with the highest number of coins (or the highest value total) wins!

Mad Money

The PBS Kids website has a great money game called “Mad Money”. The game starts out by giving players a choice of several items to save up for. Players are given a weekly allowance, but the allowance has to cover items on their shopping list.

Then, players go throughout the town, looking to find deals on what they need and working to earn more money.  They win if they have enough money to buy what they need and pay for what they want.

Play Mad Money.

Bonus Reading: “5 Apps That Teach Your Child a Cool Skill”

Net Worth

Similar to crazy eights, Net Worth is a card game that will help kids learn to manage money. The different cards allow players to pay off debt, collect assets and hinder other players’ finances. Players also learn to use strategy to protect themselves from financial setbacks such as job layoffs.

This game is a quick, easy play for kids age 8 or older, and very affordable.

Save Perry’s Pennies

This game from the U.S. Treasury has three skill levels in which players catch dropping coins for their piggy banks. But there’s a catch – players have to save the targeted savings amount within the specified time period. Be careful, though; if you accidently click on a falling hammer all of your savings could be lost!

Play Save Perry’s Pennies.

There are also several board games that can help kids learn how to save and manage money. The Game of Life, Monopoly, Payday, and Dave Ramsey’s ACT Your Wage are all games that teach players money skills. By using games to teach children healthy money skills we can help them become financially responsible adults.

For more financial fun, check out “4 Creative Money Challenges for Kids.”

Do you have any favorite money games for kids to share?

Image Credit: David Lofink (Creative Commons)

Are you a stay-at-home mom? Make sure you bookmark or pin some of these resources for later!

Here are 8 of the Best Kids Books On Audible

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best kids books on audibleWe all know reading to a child is paramount to his or her development. In my experience as a mother of two, I’m always on the hunt for fun, new ways to teach my kids. One of our favorite ways is listening to audiobooks. Therefore, I put together my top 10 list of the best kids books on Audible.

There are several benefits from audiobooks that I would like to share with you.

Kids learn to sit still. A byproduct of your children sitting in one place and paying attention to the narration of a book is that they’ll develop a stronger habit of sitting still. Even my two-year-old has shown improvement in his ability to sit quietly when the need arises. This comes in handy when you’re in a public place such as a waiting room or classroom.

Also, audiobooks expand a child’s vocabulary. Children are often introduced to new words in context and with their pronunciation. Often these books promote education, behavior, language, mathematics, etc. It also gives your child a fresh form of media besides a screen.

While reading to your child at bedtime is a vital bonding experience, audio books for kids create another dimension of imagination and education without the addictive side effects of screen time.

Let’s take a look at some great audio books my kids enjoyed over the last few years.

8 Memorable Audio Books for Kids of All Ages

EARLY LEARNERS – 0 to 5 years

1. “The Little Engine That Could” by Watty Piper

Despite its small size, the little engine used the power of positive thinking to conquer a mountain. This lesson is great for every generation of kids and can be enjoyed on audio with the rich tones of Mike Ferreri narrating.

2. “The Peter Rabbit Collection” by Beatrix Potter

This beloved classic exposes your children to the adventures of Peter Rabbit and his woodland friends. On Audible.com, you can now enjoy the entire Peter Rabbit collection for a very low price.

3. “The Cat and the Hat and Other Dr. Seuss Favorites” by Dr. Seuss

What was your favorite Dr. Seuss book as a child? Well, now it might be available on Audible for your whole family to listen. These best-sellers have stood the test of time for six decades.

Not to mention, this collection of audible stories is narrated by:

  • Kelsey Grammar
  • John Cleese
  • Dustin Hoffman
  • Billy Crystal
  • And More…

GRADE-SCHOOLERS – 6 to 11 years

4. “The Wizard of Oz” by Frank L. Baum

This classic story is so enjoyable to listen to, due to the dynamic narration performed by award-winning actress, Anne Hathaway. She brings an “all-in” devotion to each character that will capture your kids’ attention (and yours, too!).

5. “Harry Potter and the Sorcerer’s Stone” by J.K. Rowling

Why am I putting one of the most popular children’s books on this list? Two words: Jim Dale. Never have you heard an audiobook until you’ve been read to by award-winning voice talent, Jim Dale. Even as an adult, I get a kick out of J.K. Rowling’s great storytelling and Dale’s diverse collection of voices for the memorable characters in Harry’s world.

If you believe your child is old enough for the thematic elements of this book, then give the audiobook a shot.

6. “The Kid Who Only Hit Homers” by Matt Christopher

Do you have a ball player in your family? I don’t know of anyone who wrote better sports books for middle readers than Matt Christopher. I’d finish a story, and feel a strong impulse to grab a ball and glove and speed off to the park.

One of Christopher’s most popular stories, “The Kid Who Only Hit Homers,” is available on audio with a full cast of narrators.

7. “The Hobbit” by J.R.R. Tolkien

This dramatized audiobook is the narrated telling of Tolkien’s bedtime story about the adventures of Bilbo Baggins. Follow his journey with a whole slew of dwarves as they head toward the Misty Mountain in search of their long-lost treasure – guarded, of course, by a fire-breathing dragon.

8. “Hidden Figures” by Margot Lee Shetterly

This is the true story of the African-American women who helped the United States win the space race. Shetterly’s book became a movie in 2016 and sends an important message to young people that their minds are precious, no matter their color or gender.

Reading is a delight that can last a lifetime. Help your child understand the many layers of literature and the skills he or she will need to get lost in a story and enjoy the endless worlds waiting on the pages.

Bonus Reading: “Dolly Parton’s Imagination Library Wants to Give Your Child a Free Book Every Month”

Got your own list of best kids books on Audible? We’d love to hear it!

If you’re a stay-at-home mom, make sure you bookmark or pin some of these great resources for later!

4 Creative Money Challenges for Kids

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money challenges for kidsOne of the biggest – and most important – hurdles parents face is that of teaching their kids to save money. In today’s instant gratification world, kids are often led to believe that spending is more beneficial than saving. It’s our job as parents and caregivers to teach them the benefits of saving over spending. By utilizing these money challenges for kids you can help your child learn the importance of saving money.

4 Creative Money Challenges for Kids

The 365-Day Money Challenge

The 365-Day Money Challenge has flexibility in both the amount of money you can use and when you earn it. The first step is to print out a chart that has 365 days of money amounts on it, starting with $.01 up to $3.65. Then, post the chart somewhere where your child will see it every day. Each morning when your child gets up, they pay their piggy bank or money jar an amount from the chart. When they pick a money amount to save, they then cross that amount off on the chart. Each money amount can only be used once throughout the year. By the end of the year, they’ll have saved $667.95!

Wants some ideas for how to help your child earn money? Check out these chores here.

The Matching Money Challenge

This money challenge will involve parents and/or grandparents as well. The first step is to have your child decorate a jar with a lid, such as a large canning jar. They can also use their own piggy bank. Each week your child will put in their bank the money they’ve earned through different sources. Money earned for chores or allowance, or money received from gifts are some ideas for finding money to save.

After the jar is filled up, parent and child bring the jar to the bank to deposit the money. When the money is counted, parents or grandparents match the amount the child has saved. The final deposit into your child’s savings account will be double what they have saved!

The 52-Week Savings Challenge

Similar to the 365-day challenge, this challenge requires kids to save money on a regular basis. First, they print out this chart. Each week has a money amount – payable in quarters – listed on the chart.  Your child chooses which amount he or she wants to save each week, crossing that amount off as they go. By the end of the year, your child will have saved $344.50.

The Make-it-Your-Own Money Challenge

This challenge can be implemented in a number of different ways. The goal is to help kids improve their lives in some way or teach them that work produces income. The first step in this challenge is to determine a dollar amount payout. Parents can work with children to help decide how much they want to earn in a given time period. The challenge can be modified to work for every family’s budget and specific goals.

For instance, some kids may have a goal of earning $10 in a week.  Others might want to earn more over a longer time period. It also helps to determine with your child why he or she wants to save. Having a reason for saving helps motivate kids to save more.

After you’ve determined how much to save and in what time period, parents create jobs or tasks with coordinating payouts. The “jobs” can consist of several different options, such as:

  • Doing chores around the house that are outside of normally assigned chores
  • Doing learning challenges such as reading books or completing math worksheets
  • Implementing healthy habits such as exercising or making healthy eating choices
  • Choosing to cut down on screen time in favor of reading or spending time with loved ones

The challenge can be customized to fit whatever goals your family or your child may have. As a bonus, your child will earn a reward them for achieving those goals.

Teaching kids to manage money well is just one of the things we can do to prepare them for independence. By helping our children develop a habit of saving money, we can prepare them to be financially responsible adults.

Got any money challenges for kids of your own to add? Drop it below!

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