April is financial literacy month, and there’s no better time to start teaching your kids smart money management skills. In a survey conducted by Greenlight, 93% of teens believe they need financial knowledge to reach their goals, and 97% of parents agree. That’s why we’re partnering with Greenlight with a special offer to encourage your kids to start learning smart money habits now.
Not sure where to start? Check out these fun ideas to do with your kids this month:
Teach your kids how to budget
Task your kids with buying ingredients for a fun family dinner. This is a great learning opportunity and a unique way to spend time together! Give them a budget that you can transfer right onto their Greenlight debit card. Then, go to the store together and have them pick out items they want for dinner while staying within the limit you set. They’ll learn how to compare items and prices at the store on their own while having you there for guidance and advice.
Make saving fun
Learning how to save money is one of the most important steps when it comes to money management. Create a fun activity with your kids that encourages them to do chores to make money, and then show them how to save that money instead of spending it right away.
For younger children, decorate a couple of different jars in which they can save their money. Set a different goal for each jar; maybe it’s a toy they’ve been wanting or for a trip to the ice cream shop. You could even match them once they reach a certain amount - or contribute $1 for every $5 they are able to save. This is a unique opportunity for them to learn about the importance of interest, too!
If your children are older, teach them the importance of savings with Greenlight, where they can set up a savings goal right in the app. With Greenlight, you can set up a savings goal right in the app. You can also easily pay them for their chores straight through the app, so the money goes directly into their account and towards that goal.
To celebrate Financial Literacy Month, get three months of Greenlight and a custom debit card on us!* Use code MSBFINLIT by April 30th, 2024 to claim your offer. *Terms apply.