This post brought to you by DoughMain.com. All opinions are 100% mine.
Teaching children financial responsibility is the job of parents, and it’s a lesson that will reward your kids for a lifetime. The best way to teach children about money, being organized, and good financial planning is by example, and once your kids are old enough to understand what money is, there is no reason not to include them in some aspects of your family organization of finances, and find ways to incorporate their financial education into it.
Doughmain is an online tool to help you do this. A site that is a family organizer and chore and allowance tracker, Doughmain is also an educational tool that teaches children about earning money, saving money, planning how to spend money, and much more. Doughmain has features that bring families together by including everyone with family organizer tools such as:
The Family Chore Tracker is such a great tool for coordinating what needs to be done and when, I created one to show you how it works (I already added Alex to the list even though he is too young for chores, but Little Man has chores that are appropriate for his age, such as brushing his teeth and putting his toys away, and they are color-coded in blue for him):
Doughmain.com also offers games to teach children financial responsibility. TheFunVault.com is aimed at kids 5+ and teaches them about money basics. SandDollarCity.com is a virtual world that allows multiple older children (8-12) to play together to manage a family candy shop, and IRuleMoney.com is a financial responsibility game focused on teaching teenagers about significant financial lessons through 30 second videos about various financial things, from jobs and car loans to credit cards and credit score. It’s a good way to make learning about money and financial planning a bit more interactive and fun for kids, spark an interest in learning, and help parents to more easily navigate the introduction of different aspects of money, saving, spending and earning to their children.
In addition to all these great features, there is an additional incentive to try out Doughmain’s free services: signup at doughmain.com (using “dough” as the reference code) for a chance to win a $500 Visa gift card! The winner will be displayed on their blog.
{ 16 comments… read them below or add one }
We’ve always taught our son about money. When he was 5 we bought him a set of books by Dave Ramsey for kids and it has been invaluable. But I’ll definitely be checking this out!
What a cool concept!!
This is great, and such an important thing to teach kids. These days some of them think it grows on trees.
Wow, this sounds like a great site.
I really need to use a chore tracker my kids are so lazy its tiring
I agree. Teaching kids the value of money is invaluable.
What a great way to teach your kids about money!
I could use that for my 28 year old…seriously.
That’s an interesting site to use to teach kids. We like Dave Ramsey too!
What a great way to teach kids about money. We teach our kids about saving and using their money when they want treats, it’s so much different to them when they are having to pay for it themselves.
Thanks for the wealth of information! Great tips!
This sounds like a wonderful learning tool!
When my boys are older I am so going to be using this website!
I am totally sending this website to my hubby. He will LOVE it. Thanks for sharing it!
this is great for all ages.
Sounds like a great site.