Digital tools can help kids build safe money habits

(BPT) - The earlier kids start learning basic financial skills, the better their financial health in the long run, according to research.

When it comes to teaching kids about money, caregivers are asking for help. In fact, 32% of parents are uncomfortable speaking about finances with their own children and 46% are looking for additional resources to help encourage good financial habits, according to a Chase survey of parents across the U.S., with children aged 8–14.

Traditionally, kids learn about money from shopping with adults and having related conversations. While discussions are an important part of learning about finances, online shopping has changed how kids experience spending.

"Families are juggling so many more responsibilities today than ever before, so it's understandably more complicated to find opportunities to teach financial wellness to children or to find hands-on purchasing moments to talk about the value of money," said Anastasia Morgan-Gans, an executive focused on family financial health at Chase.

Fortunately, new tools are helping meet the changing needs of parents and their children. For example, the free Chase First Banking account is designed to help families develop healthy financial habits by putting parents in control and giving kids and teens the freedom to learn how to earn, spend and save money.

Through the Chase Mobile app, parents can assign chores and provide allowance, set amounts and locations of where kids can spend money using a debit card, and help children reach savings goals. Kids interact with the app on their end, too, checking off assigned chores when completed and seeing when their allowance is paid. They can also see how much they can spend and where, as well as their savings goals.

This type of digital tool makes financial literacy discussions easier and brings family money management into the digital age, engaging kids in meaningful ways. In addition to adopting useful tools, it's important to have ongoing conversations about finances. Morgan-Gans suggests starting with some rules for a family ‘contract’ when it comes to having access to an account:

1. I will spend responsibly and discuss what are acceptable purchases with my parent
2. I will make a savings goal, discuss it with my parent, and work toward it
3. I will not use my debit card on websites or at stores my parent does not approve of
4. I will always keep my card in a safe place and discuss the best place to keep it with my parent
5. I will not share my PIN number or account number with anyone
6. I will not post pictures of my card or app on social media or share them with my friends
7. I will never go to an ATM alone and will only use ATMs inside a bank

"These tools can help guide parents, so they have the confidence to teach kids about bank accounts and spending — it’s like an account with training wheels," says Morgan-Gans.

Maximizing Family Time

5 tips for spending more time with loved ones          

(Family Features) Now as much as ever, close family ties can make a significant impact on young lives. Constantly emerging technology sometimes limits personal interaction, while many school-age children experience unprecedented stress levels.

Building strong connections with trusted adults can give kids a sense of security and a better foundation for achieving their potential. Make spending time together a priority with these engaging activity ideas that allow the whole family to get in on the fun.

Plan a Movie or Game Night
Kids thrive on routines and clear expectations, so a regular special event like a movie or game night can give them something to anticipate each week. Watching TV at home may not be a novelty, but you can make it an occasion to celebrate by adding special touches like dimming the lights to mimic a theater, pulling out cozy blankets and preparing popcorn or other treats. If you opt for game night instead, keep the enthusiasm strong week after week by creating long-range tournaments or allowing kids to rotate game selection privileges.

Read Together
Sharing books together not only creates an opportunity for bonding, it’s a way to give your child an academic boost outside the classroom. Studies show that daily reading promotes literacy, helps kids build their vocabulary and improves overall academic achievement. Also, the benefits don’t end with elementary-age children.

Parents can connect with older kids through books that carry important lessons about life and relationships. Reading books individually then coming together to discuss them, similar to a book club, can provide the chance for thoughtful talks about difficult topics. For example, “Regretting You,” from bestselling author Colleen Hoover, explores a tumultuous relationship between a mother and her daughter who must turn to one another when a tragedy shatters their lives. Find more information on the novel at amazon.com.

Cook Meals Together
Eating together is a goal for many families, but preparing meals together takes those benefits even further. Engaging kids in meal preparation creates a sense of cooperation and instills pride for a successful project. It’s also a chance to share family traditions and pass on recipes that have traveled through generations.

Enjoy a Craft Day
Kids need the chance to let their imaginations soar, and arts and crafts projects can provide the perfect outlet for creative expression. An art session may be as simple as enlisting everyone’s help to make decorations for an upcoming event. Another thoughtful way to channel all that creative energy: have little artists make cards to deliver to a local senior or retirement community.

Take a Trip
Discovering new places is an exciting way to create shared memories. A trip need not be costly or even far from home. Even a day trip to explore a new community nearby can provide a natural setting for the whole family to connect and form lifelong memories.

No matter what activity you choose, investing in time together strengthens relationships so kids can flourish with the confidence of a support system behind them.

Photo courtesy of Getty Images

Simple STEM Activities to Do at Home

(Family Features) Winter is the season for family gatherings, snow days and breaks from school and work, but all this time indoors can lead to a serious case of cabin fever for both children and adults. Before you face another chorus of “I’m bored,” consider these simple activities you and your child can do together when winter weather or schedules have you stuck indoors.

Each activity idea from the experts at KinderCare can help children build foundational skills they’ll need for success in STEM (science, technology, engineering and math) areas so you can combine fun and learning.

Infants
Most babies love sensory baskets, and it’s easy to make one at home. Fill a basket or low-sided container with materials in a variety of shapes, textures, weights, smells and sounds for your baby to explore. While your baby explores the materials and develops hand-eye coordination, describe what he or she is doing, seeing, feeling, hearing or tasting to help build his or her vocabulary.

Toddlers
Show your toddler how to make ramps by stacking blocks or small cardboard boxes and placing one edge of a piece of cardboard on top. Invite your child to gather toy vehicles or balls and other objects to see how they roll. Gather objects that will roll and a few that won’t. Encourage your child to ask questions and experiment with ramps of different heights. These experiments in force and motion can help develop your child’s understanding about how different objects behave on inclines.

Preschool (3-4-year-olds)
Invite your child to observe from a safe distance as you boil 1 cup red cabbage in 2 cups water. As the water turns purplish, drain it into a clear container. After the water cools, invite your child to measure a small amount of white vinegar and stir it in while observing what happens as additional vinegar is added. Next, have your child measure a small amount of baking soda or milk and stir it in to observe even more changes. Exploration, experimentation and observation are all key STEM skills.

Pre-Kindergarten (4-5-year-olds)
Gather a variety of craft items, building toys and recycled materials like construction paper, markers, pipe cleaners, craft sticks, fabric scraps, glue sticks, tape, scissors, blocks, interlocking toys, paper towel rolls, tissue boxes, cardboard, lids and plastic food containers. Place the materials you’ve gathered in a bag. Give your child the “tinker bag” and some space to build. Invite him or her to explore the materials, create something and share it with you as a way to build engineering skills and curiosity. Limiting the number of materials children have to work with can often create more opportunities for problem solving and innovation.

School Ages
Gather a few containers from your recycle bin, such as plastic food containers, tin cans or cracker boxes. Talk with your child about how some things typically thrown away or recycled can be reused for the same purpose or a new one. When items are reused, the amount of waste that ends up in landfills is reduced. Invite your child to select one of the containers and decide on a new use for it. When your child is finished creating something new using on-hand craft materials, ask him or her to share the innovation with you. Give your child feedback in the same way engineers do by giving a compliment, asking a question or offering a suggestion.

For more activity ideas, visit kindercare.com.

5 Ways to Empower Kids to End Bullying

(Family Features) From the classroom to the internet, bullying can lead to children developing a poor self-image or lead to bullying others. In fact, members of Generation Z believe bullying is the biggest issue facing their generation, according to new data.

A survey of American youth ages 6-17, commissioned by the Boy Scouts of America, the nation’s foremost youth program of character development and values-based leadership training, found bullying ranked as the top concern for young people in their own communities, across the country and on a global scale. At the same time, 84% of those surveyed said they want to be a part of the solution.

Consider these ideas to help your kids learn how to overcome, avoid and break down the cycle of bullying:

Promote more time unplugged and outdoors. It is important for parents to promote healthy, face-to-face social interactions. Outdoor activities allow children to work together, solve problems and bond in a way that typically can’t be achieved through a screen. They also give children a break from the cyber-world, where bullying is often prevalent.

Encourage kindness. Ninety-seven percent of Gen Z members surveyed said being kind is important. Encourage kids to act on that feeling and remind them that it doesn’t take any extra energy to be kind. Serve as a role model by making kindness a foundation in your family, just as the Boy Scouts of America have done. The Scout Law lists being kind as one of 12 guiding characteristics.

Educate and equip. Parents should educate their children about why bullying is never OK, equip them with the knowledge they’ll need to recognize it and encourage them to report and safely respond to all forms of bullying they observe.

Use the buddy system. In Scouting, the buddy system pairs kids together to help ensure the well-being of one another. This approach is used for practical and safety reasons that can also be applied to everyday life. A pair or group of kids are less likely to get bullied, and buddies can be supportive by being an upstander.

Explore differences. As a family, look for ways to get involved in activities that include families from different backgrounds and cultures. Introducing kids to ideas and lifestyles different from their own can be an enlightening experience, and that knowledge can help break down some of the barriers that contribute to bullying, such as fear and misunderstanding.

Improving Communities
Creating a better community may be a collaborative goal, but as survey data from the Boy Scouts of America shows, the solutions lie much closer to home and can be inspired by the acts of individuals:

• 97% of those surveyed said being kind to others is important.
• 84% said they want to be a part of solving community issues in the future.
• 79% said improving their community is important.
• 50% said the reason they focus on some of these issues because their parents are passionate about them.
• Bullying was a top concern among respondents, with 86% of respondents saying that not being bullied is a daily priority and 30% saying that out of 20-plus societal issues, bullying is the problem they most want solved globally.  
• Other top concerns respondents want to help solve are hunger (28%) and care for elders (27%) at the local level; animal rights (28%) and recycling (28%) at the national level; and poverty (28%) and human rights (26%) at the global level.

Learn more about ways Generation Z and its supporters can help put an end to bullying at Scouting.org.

Making the Back-to-School Transition Easy

(Family Features) It’s time to get your household organized for another school year and all that comes with it.

Whether your child is headed off to kindergarten or going away to college, these useful tips can help make the transition back to the regimented school year easier and get your busy household organized for the upcoming season.

Kindergarten

• Tour the school. It is important to visit the school with your kids so they can get familiar with their new environment.
• Meet the teacher. Introduce yourself to your child’s teacher and discuss the best ways to communicate with him or her throughout the school year. Some teachers prefer to keep the conversation going through email while others are more casual and utilize phone calls or in-person meetings.

Elementary School

• Get into a routine. Set your kids’ sleep schedules back to “school time” at least two weeks before the first day.
• Get your kids involved in sports or other activities they can do after school to keep them active. An option like ‘all Free & Clear Liquid Detergent can help you remove stains while still being gentle on skin.

Middle and High School

• Have a conversation about technology. In this day and age, it’s nearly impossible to avoid tech. Many students probably have schoolwork that requires use of the internet. It’s important to have a conversation with your children about reducing time spent on their laptops to educational purposes during the week.
• Keep track of everyone’s schedule. There are plenty of free family calendar applications available for smartphones and other devices that can help you keep up with all members of the family and stay organized.

College

• Simplify the laundry routine. When it’s your child’s first time living on his or her own, you’ll want to do everything you can to make things easier. Consider detergent pacs like ‘all Free & Clear Mighty Pacs Laundry Detergent, which fights tough stains while also being dye- and perfume-free, hypoallergenic and gentle on skin.

By implementing some of these simple tips, you and your kids can look and feel your best, setting up a seamless, stress-free transition back to the school year. Find more information at all-laundry.com.

Photos courtesy of Getty Images