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"Adults are always asking little kids what they want to be when they grow up ’cause they’re looking for ideas." — Paula Poundstone
“Don’t handicap your children by making their lives easy.” ― Robert A. Heinlein
TIPS:
TIPS:
Have children spend their own money for the stuff they want to include clothing and other essentials from a preset allowance
Find cheap party activities, have a homemade cake, serve pizza, use hand crafted costumes for special occasion like Halloween
Connect with free nature activities instead of watching TV or playing games
Have clothing swaps and giveaways or online sharing networks
Swap free babysitting with another couple every other week for a date night join a babysitting coop
Limit the number of toys for birthdays and other celebrations like Christmas to to 1-3 toys max and let them select the ones they want
ADULT CHILDREN:
ADULT CHILDREN:
How to Help Your Kids With Finances When They Move Back Home
5 Must Haves If You're Going to Borrow From Your Parents
I’m $78,000 in Debt and Make $59,000. Should I Move in With My Parents?
Scam proof the young people in your life
How I Failed My Daughter and a Simple Path to Wealth
3 Things Every 18-Year-Old Needs to Know Right Now (And Possibly Ever)
Sharing a roof, and money, with adult kids
5 Must Haves If You're Going to Borrow From Your Parents
Bailing Out Your Adult Kids Financially
Adult Children Still Living at Home? Getting Them to Contribute
7 rules for dealing with a boomerang kid - Clark Howard
When Should You Stop Supporting Your Child Financially?
When Your Adult Kid Wants to Borrow Money
Kids Moving Back Home? Time to Write Up a Lease
5 Tips for Coping with Boomerang Kids
QUOTES:
I read the article about giving money to adult children. While we do not provide money, we often will provide stuff they need. When a car was needed, we signed over our old one that wasn't worth much for trade-in. We also gave our washer and dryer to our son after we bought a new set for ourselves. This way, we can help the young adults while we enjoy the fruits of our labor and a lifetime of frugality instead of wondering when a loan would be repaid. Teresa in MO. from Dollar Stretcher Tips
Clark.com Survey: When Should You Wean Your Adult Child Off of Financial Support? And How Much Money Should You Give Them, If Any?
butler: “I would tie it to my kids graduating college and getting their first full-time job. At that point I will help them budget and plan for retirement but no longer offer any financial support.”
ratbert2k: “Sorry Team Clark. This is a stupid question. Every kid is different. Every family is different. What works well for you won’t work well for me. What works for one of my kids won’t work for another.”
G_Parker: “Certainly after college graduation! For minor things (eg AAA membership), sure. But major? The average amount people are giving their kids is over $700 a month?!! That is crazy. You aren’t helping them, you’re hurting them.”
What do you think? See more responses and share your opinion in our Clark.com Community!
TEENS:
TEENS:
How Should I Handle Car Insurance for My Teenage Driver?
How To Make Children Millionaires Before They Leave Home
How to Freeze Your Child's Credit
How Can I Make Freezing a Young Person's Credit Less Risky?
Insurekidsnow.gov : Millions of children and teens qualify for free or low-cost health and dental coverage through Medicaid & the Children's Health Insurance Program (CHIP). Learn about coverage options for your family .
Youth.gov: Whether a young person in your life is looking for part-time work, a full-time summer job, or a career path, youth.gov can prepare them for a successful future. Regardless of skills, interests, background, or financial situation, the website offers resources about: Career exploration and skills development, Summer and youth employment, Mentoring, internships, and apprenticeships and Government jobs training programs
Best Places for High School Graduates to Start a Career
School meals and food programs for children
StopBullying.gov: Bullying can happen at school, home, or online. It often results in negative social, emotional, and academic outcomes for children. Get the tools you need to keep kids safe at StopBullying.gov. It is a government resource that helps adults: Identify bullying and cyber-bullying, Understand who is at risk and Prevent and respond to bullying
Government Programs for Children With Special Needs
The safest used cars for teen drivers
8 Ways To Save on Youth Sports
Affordable Teen Activities for Families on a Tight Budget (+ Tips)
How Can I Make Freezing a Young Person’s Credit Less Risky?
Affordable Activities To Enjoy With Teen Grandkids
Basic Finance Management for Teens (and Adults Too)
40 Free Financial Literacy Lessons for High School Students
13 Best Index Funds for Young Investors (6 From Vanguard)
Can You Be Too Young to Invest in a Roth IRA?
Should You Make Your Child an Authorized User on Your Credit Card?
What’s the Best Savings Account for a Teenager?
5 Online Safety Tips for Back To School
Learn more about using a teen clothing allowance as a money tool.
Fidelity Youth Account | A teen saving, investing, and spending account
Fidelity Youth Account - Any Good? - General Discussion - Clark Howard Community
Build Your Stax: stock market simulation game...How high will your stax grow? Presented By. You've got 20 years to grow your wealth. Who will have the biggest stax? Play in Group. Play Alone.
Stop Bullying: Learn how to identify bullying and stand up to it safely
How Not to Suck at Money ( a game)
How to Set Parental Controls on the Most Popular Services
Does Your Child Have to File a Tax Return This Year?
Investing for Teens: 9 Ways To Get Your Teen Started
Custodial Account - Charles Schwab The Schwab One® Custodial Account is a brokerage account that allows you to make a financial gift to a minor and help teach them about investing. A $100 minimum deposit required to open an account.
Would You Rather Have A Penny That Doubles Each Day Or $1,000,000?
10 Things to Teach Your Kids About Managing Money: http://m.kiplinger.com/slideshow/spending/T065-S003-10-things-to-teach-your-kids-about-managing-money/index.html?rid=EML
14 Things Every High School Student Should Know About Money
Build Your Stax: The investment game that lets you grow your wealth over 20 years. How high will your stax grow? You've got 20 years to grow your wealth. Who will have the biggest stax? Play in Group. Play Alone.
The Nordic way to stop bullying
When is the Best Time to Start Investing?
14 Things Every High School Student Should Know About Money
Life on Minimum Wage - A Personal Economics Simulation Game
Should Teens Have Part-Time Jobs?
How to Help Your Teenage Children Save Money
16 Ways To Make Money Online as a Teenager
5 Steps to Raising a Money-Savvy Teen
How Teens Can Start Investing Through a Roth IRA
Best Cars for Teens Under $20,000
Your Daughter Will Thank You for Teaching Her These 5 Financial Lessons
Money Lessons They Don’t Teach You in School
Things I'll Teach My Daughter: Pay No Attention To A Guy's Car
Factitious is a game that is designed to help students practice identifying real and fake news stories. The 2020 version of the game features stories about COVID-19. To play Factitious simply go to the site and select start. You'll then see an article appear on the screen. Read through the article, click the source listed at the bottom, and then select either the green check mark or red X to indicate whether or not you think the article is a real news story. After you make your selection you'll get instant feedback and an explanation of how you can tell if the article was a real or fake news story.
14 Reasons Your Teen Should Have a Clothing Allowance
6 Ways My Parents Taught Me Financial Independence
Should Teens Have Part-Time Jobs?
How an Apprenticeship Model Engaged Students and Turned a School Around
5 Steps to Raising a Money-Savvy Teen
What Kind of Companies Offer Jobs for 15-Year-Olds and 16-Year-Olds?
17 Financial Tips for High School Students (They’ll Actually Want to Read)
6 Finance Hacks to Help Prepare You for the Future
4 Things Teens Can Do Now to Prepare for Financial Independence
Teens and Money: Basic Finance Management for Teens
A Teen Clothing Allowance as a Money Tool | The Dollar Stretcher
14 Wildly Different Allowance Strategies!
13 Things to Teach Your Children that Will Make Their Financial Lives Easier
What to Teach Kids About Money at Every Age: A Guide | Fatherly
How Teens Can Become Millionaires | DaveRamsey.com
How a summer job could turn you into a millionaire | Clark Howard
18 Side Hustles For Teenagers To Make Extra Money
Keep Your Older Kids on a Budget with the American Express Bluebird Card
JA My Way https://www.jamyway.org JA My Way™ is designed to help you find a great career, learn about saving and budgeting, and find out how you can start a business.
How to Teach Financial Literacy With Games | Edutopia
This dad uses a secret code to give his kids a way out of bad situations
Get Screen give you control of your children's use of the internet, tablet, game machine, smart TV, etc.
Parental controls on your kids' Apple devices can keep them safe
Discreetly Monitor Your Child's Calls, Messages, GPS Location & More
Life360 : Life360 syncs your family into a private, invite-only Circle, making it easy to plan and coordinate at the pace of life. Location Sharing Location Sharing gives family members a view of each other's recent and real-time whereabouts. Smart Notifications Be notified when your family comes and goes from your most frequented Places. ...
Less Expensive Braces
PODCASTS
PODCASTS
How to Be Young Money Millionaires! (By Age)
Money Guy Show Financial success doesn't have to be rare. By teaching the younger generation basic principles of compounding interest and money management, we can equip each and every one of them to become multi-millionaires by the time they retire. Our message to...
Listen on Apple Podcasts: https://podcasts.apple.com/us/podcast/money-guy-show/id121362031?i=1000506181230
Listen to How to Help Your Children Discover, Develop, and Profit From Their Passions and Talents: Interview with Jonathan Harris from Radical Personal Finance on Apple Podcasts. https://podcasts.apple.com/us/podcast/radical-personal-finance/id896153632#episodeGuid=1d5720e7-825f-41fa-9132-404cf455761c
Listen to 232| Raising a Money-Savvy Family for Next-Generation Financial Independence | Doug Nordman and Carol Pittner from ChooseFI on Apple Podcasts. https://podcasts.apple.com/us/podcast/choosefi/id1187770032?i=1000484556534
QUOTES:
Save Now on Graduation Decorations: I have a tip for those with high school or college seniors. My son was a member of the class of 2020 and I knew I would need graduation party decorations. After New Years, I went to several stores and bought "2020" New Years items at clearance prices. I found napkins, cups, plates and banners in their school colors with "2020" on them and no reference to "Happy New Year." As you can imagine, I saved tons of money. When graduation rolled around, I bought a few items with diplomas and "Happy Graduation" on them, and I was all set! Jane from Dollar Stretcher Tips
Teaching Teens How To Budget Money: When my children entered their teen years, I bought them shower caddies and increased their allowance so that they could buy their own hygiene products. This system had excellent results. Since it was their money buying the toiletries, they became more cost and quality conscious. They began to educate themselves as consumers by shopping around and using coupons. It also taught them money management skills. The less money they spent on necessities, the more they would have to save or spend for clothing and things they wanted. The whole system saves me money, gives me a cleaner, more organized house without nagging, and at the same time, prepares my children for their adult lives. Stacy from Dollar Stretcher Tips
Free Family Fun for Older Kids: We've discovered a new source of free fun with our teen kids who tend to spend too much time on their phones and laptops. We have found several seasons of various game shows that easily lend themselves to us competing to see who can guess the most correct answers during the show. One of us controls the remote to pause the show before the contestants or judges answer the question. My kids' favorites are the music-themed game shows, such as Name That Tune, The Masked Singer and I Can See Your Voice. We watch the past seasons for free on Tubi, one of the free streaming services. We've also started playing card games a few times a month. Like with the game shows, it's the competition they seem to enjoy. Card games are also a great activity for when the grandparents come to visit. My kids have few interests in common, so it's nice to have some things we can always do as a family that everyone enjoys and that costs us nothing.
TK
Teaching Teens To Budget and Save: This tip works for children of most ages with a bit of modification. My kids, now 20 and 22, tell me it was the best thing I did to teach them financial responsibility. When they were just starting junior high, my husband and I sat down and figured out how much we spent on them in an average month. We included school lunches, toiletries, "fun" money, clothes, etc. We decided to give them this amount monthly. They were responsible for budgeting their money to include the mentioned items. I always had things available for them to pack their lunches, but if they chose to buy lunch at school, it came out of their money. All of a sudden, my children became savers. They started shopping sale racks and consignment shops. They cut out coupons for specialty shampoos, etc. This removed a lot of guilt from me because I knew they had money available if they chose to spend it, but it left me free to treat them to things when money was available. CB from Dollar Stretcher tips
A Few Tips for Clothing Growing Boys for Less: If you buy new boys' clothes, patch the inside of the knees after the first wash. They last about five times as long. A package of navy blue or black dye can revive faded jeans or other dark clothing. Before dyeing, check that the jeans are all cotton and follow the directions on the dye package. If you sew, you can cut down larger clothes for boys. For example, a hand-me-down man's shirt can provide enough usable material to make a boy's shirt.
Evelyn from Dollar Stretcher Tips
Teens, Toiletries and Clothing: When my children entered their teen years, I bought them shower caddies and increased their allowance so that they could buy their own hygiene products. This system had excellent results. They became more cost and quality-conscious since it was their money buying the toiletries. They began to educate themselves as consumers by shopping around and using coupons. It also taught them money management skills. The less money they spent on necessities, the more they would have to save or spend on clothing and things they wanted. The whole system saves me money, gives me a cleaner, more organized house without nagging, and, at the same time, prepares my children for their adult lives.
Stacy from Dollar Stretcher Tips
KIDS:
KIDS:
Cell phone safety for kids: Getting your child their first phone is an exciting milestone. But it also raises important thoughts about safety and responsibility.
Start here:
✅ Set boundaries: Discuss screen time and safe online behavior.
✅ Explore parental controls: Use tools to block inappropriate content and apps.
✅ Stay informed: Learn to identify risks like cyberbullying or scams.
Is a “Viking” Childhood a Happier Childhood (with Helen Russell)?
The Clements Family Financial Lab (provide an effective formula for raising financially fit kids)
7 Ways To Super-Size Your Kid's Birthday Party on a Small Budget
Parents: Talking to your kids about text scams
11 Ways To Use Tough Times To Teach Kids About Money
What Parents Get Wrong About Money and Their Kids | The Oprah Podcast
Raising a Grandchild on Retirement Income
How to Freeze Your Child's Credit
How Can I Make Freezing a Young Person's Credit Less Risky?
How To Teach Your Grandkids About Money
How To Make Children Millionaires Before They Leave Home
Early intervention and special education services for children
-25 free things to do with kids (Rachel came up with these favorite free ideas during coronavirus) https://www.ramseysolutions.com/budgeting/things-to-do-with-kids
StopBullying.gov: Bullying can happen at school, home, or online. It often results in negative social, emotional, and academic outcomes for children. Get the tools you need to keep kids safe at StopBullying.gov. It is a government resource that helps adults: Identify bullying and cyber-bullying, Understand who is at risk and Prevent and respond to bullying
Get Your Child School-Ready Through Head Start:
Get Your Child School-Ready Through Head Start:
Head Start is a federal program that offers qualifying children free learning and development services. Through different instruction tactics, Head Start can help prepare children for their first day of school. Your child may be eligible if they’re under age 5 and your household meets certain income requirements. Through Head Start, your child can:
Get reading and writing lessons.
Learn in an environment that promotes social and emotional development.
Get free or low-cost meals and snacks.
Receive Medical and dental care.
Insurekidsnow.gov : Millions of children and teens qualify for free or low-cost health and dental coverage through Medicaid & the Children's Health Insurance Program (CHIP). Learn about coverage options for your family .
Careful Giving Up Your Career To Be A Stay-At-Home Parent
Getting Kids To Be Happy With Hand-Me-Down Clothing (Tips & Tricks)
School meals and food programs for children
Expert Interview: Easy Budget-Friendly Back to School Lunch Ideas
3 Ways To Make Frugality Fun for Kids
Government Programs for Children With Special Needs
If a taxpayer is sending a child to summer camp, the cost may count toward the Child and Dependent Care Credit.
Find government programs to help during pregnancy and early childhood
8 Ways To Reduce the Costs of Childcare
6 Ways Work-at-Home Parents Can Find Temporary Childcare
How Can I Make Freezing a Young Person’s Credit Less Risky?
Expert Interview: Lifestyle Changes To Consider Before Taking In a Grandchild
100+ free or low-cost gift ideas kids might love even more than toys
Charitable giving and community service: How to teach your kids well
When To Involve Children In Family Finances: Parents Weigh In
8 Things Your Kids Need To Know About Money
7 Financial Steps to Becoming a Stay-at-Home Parent
Finding an Affordable Tutor for Your Child
13 Ways to Afford the High Cost of Childcare
Kids gardening: creates opportunities for kids to play, learn, and grow through gardening, engaging their natural curiosity and wonder.
4 graphics to help you teach your kids about money (twitter thread)
How to get help collecting child support
Random Acts of Kindness for Kids – 25 Ideas for Raising Grateful and Kind Kids
Kids entertainment: check here to find free or cheap ways to entertain your kids
13 Ways to Afford the High Cost of Childcare
8 Secrets to Successful Money Talks With Kids
7 Ways To Super-Size Your Kid's Birthday Party on a Small Budget
Expert Interview: How To Teach Your Grandkids About Money
How to Use a Ledger to Teach Your Kids Money Management Skills
11 Ways To Use Tough Times To Teach Kids About Money
8 Tips for Raising Money-Dumb Kids
13 Things To Teach Your Kids To Make Their Financial Lives Easier
The Power of Rewards (AKA In Which I Bribe My Kids to Behave…)
8 Habits That Plug Parental Spending Leaks
Easy Budget-Friendly Back to School Lunch Ideas
How Much is a Penny Doubled Every Day for 30 Days?
8 Tips for Raising Money-Dumb Kids
Teaching Financial Responsibility to Kids Before It's Too Late
“Want to turn your kid into an entrepreneur? Here’s a great tip”
5 Things to Teach Your Kids about Money and Happiness
Learn if your child qualifies for Head Start and how to enroll.
The Unexpected Financial Benefits Of Having Children
4 Meaningful Activities to Mark the End of School
3 Ways to Make Frugality Fun for Kids
17 of the Best Money Books for Kids
School Nutrition Programs for Children
10 Parents Share Their Favorite Freezer Aisle Foods
Meal Planning and Getting Kids Involved in The Process
3 types of kids banking accounts
The 7 Best Finance Books for Children
The Best Ways To Save for Kids
Rent-a-Romper helps parents find and reuse baby clothing and customers can return clothing whenever baby outgrows it.
Sammy Rabbit - Financial Literacy Through Songs, Stories, and More!
How to Get Cooking Done When You Have Young Kids
Kids Eat Free at Dozens of Restaurants Coast to Coast
"Raising Your Money-Savvy Family" book
Money Games That Can Make Frugality Fun
6 Ways to Cut the Costs of Raising Children
8 Healthy Packed Lunches Your Kid Will Actually Finish
10 Meal-Prep Hacks for the First Week Back to School
20 Filling Snacks That Are Perfect for Lunch Boxes This Fall
30 Homemade After-School Snacks
12 Ways to Save Money on Cheap Kids’ Clothes for Boys & Girls
Kids and Allowances: What's the Best System?
Money Savvy Generation : Helping kids get smart about money. Proven To Make Kids Smart About Their Money Choices.
7 Great Ways To Introduce Kids to Stock Investing
9 Important Money Tips Every Dad Should Teach His Kids
How to Teach Kids About Credit
8 Financial Accounts to Open for Your Child to Create Lifelong Wealth
Make Your Kid a Millionaire: Roth IRA for Kids
How to Teach Kids About Credit
102 Business Ideas For Young Entrepreneurs
Smart Ways to Save on Child Care Cost
Meal Planning for the 3rd-5th Grade Learner
5 Ways To Teach Kids How To Save At Home
How to Teach Your Grandkids About Money
The Right Amount Of Money To Give And Leave Our Children
The Best Age To Have A Baby Based On Biology And Economics
How To Stop Worrying About Your Children In This Brutally Competitive World
Build your kids’ money skills while they’re home from school |
Online Safety in the Age of Digital Learning: Kids have different levels of experience with technology. Regardless of their expertise, prepare to discuss online safety by following these tips:
Adjust privacy settings by blocking access to certain websites.
Remind children to never share important details such as phone numbers, bank accounts, and Social Security numbers.
Discuss family values and how to practice them when communicating with others online.
Back To School Set Your Kids Up for Success (RAMSEY+) Resources to Spark conversations with your kids about money, hard work and contentment that’ll start them back to school on the right foot and create lifelong habits. Find books and tools for the kids in your life to give them the financial and career training they need to build a bright future.
How To Give Kids The Gift Of Stock
13 Things to Teach Your Kids To Make Their Financial Lives Easier
Letter to my boys: things about finance and life I want them to know
12 Ways to Save Money on Cheap Kids’ Clothes for Boys & Girls
FDIC Consumer News: Teaching Children About Money Now, Pays Dividends Later
Kids and Money: "It All Starts With the Allowance"
Getting Kids to Be Happy With Hand-Me-Down Clothing
20 Top Personal Finance Tips to Teach Your Kids (and Yourself!)
5 Chores That Today’s Kids Can Do to Earn Money
How to Give Stock to Children With a UGMA Custodial Account
How to Teach Kids About Money, Saving & Investing: Lesson 1
How to Set Up a Virtual Book Club for K-12 Students
9 Ways to Save Money on Babysitting
childFIRE – Raising kids to be Financially Independent/Retire Early: helping teach families about the Financial Independence and Retiring Early (FIRE) movement and giving techniques that may work with your family.
For Financially Responsible Kids, Do NOT Do These 3 Things
Build your kids' money skills while they're home from school.
#1 In Share of Stock Gifts - Buy Disney stock and 120 others
Worldschooling: How Our Children are Educated as We Travel
There’s a Google for KIDS! It’s called Kiddle and filters out all the adult stuff –> kiddle.co. Features bigger thumbnails, larger fonts, and uses Google’s “SafeSearch” to serve up kid-friendly content (though not associated with Google).
14 Ways to Save Money When Dining Out With Kids at Family-Friendly Restaurants
Listen to 5 Steps to Becoming a Millionaire! from Money Guy Show on Apple Podcasts. https://podcasts.apple.com/us/podcast/money-guy-show/id121362031?i=1000467643988
At www.mommysavers.com find money saving tips for stay home moms. This is a website for frugal moms were you can find out when stores do their markdowns and get new clothes at garage sale prices among many other things.
How to Sell Your Kid's Stuff at a Consignment Sale
8 Things Your Kids Need to Know About Money
What I Learned from Teaching Middle Schoolers How to Make a Budget
Should You Pay Your Kids For Good Grades?
14 Wildly Different Allowance Strategies!
13 Things to Teach Your Children that Will Make Their Financial Lives Easier
What to Teach Kids About Money at Every Age: A Guide | Fatherly
7 Frugal Living Skills You Should Be Teaching Your Children
Finding childcare in your state
10 Things You Should Bring on Long Flights With Young Kids
How to protect your kid from identity theft
10 Ways to Overspend on Your Children
How to Teach Your Children to Invest in the Stock Market
8 Best Sites to Help Your Kids Learn About Money
This dad uses a secret code to give his kids a way out of bad situations
What I Gave My Kid Instead of a Smartphone
5 Mistakes to Avoid for a Successful Allowance System
8 Financial Accounts to Open for Your Child to Create Lifelong Wealth
Ways to Teach Kids That Money Doesn't Grow on Trees
A Fun Way to Teach Your Toddler How to Save Money
Back-to-school shopping tips from the FTC
Kids on 45th Cheap Kids Clothing Adorable, Affordable, Clothes for your Kiddos Pre-Loved Clothes Starting at $1.99 per item
5 Ways to Reduce Cost of Kids Clothing
How to Get Your Kids to Help Around the House | Money Saving Mom
www.kidsclick.org is an engine search created by librarians with hundreds of topics that can be searched alphabetically. Full of kid-friendly information useful for homework.
There is free homework help from www.refdesk.com/homework.html on almost any subject.
Free Homeschool Curriculum & Resources | Huge List of 25 Freebies!
Five Reasons You Should Give Your Kids a Monthly Allowance
Lessons about money I'm teaching my kids, (aka) things I wish I knew sooner
Getting Kids to Be Happy With Hand-Me-Down Clothing
Parents: Check eligibility for the Credit for Other Dependents
The Credit for Other Dependents is a $500 non-refundable credit available to taxpayers with dependents who are not eligible for the Child Tax Credit. Taxpayers can claim this credit in addition to the Child and Dependent Care Credit and the Earned Income Credit.
This information can help taxpayers determine their eligibility to claim this credit on their 2023 tax return.
This credit can be claimed for dependents who:
Are of any age, including those who are age 18 or older.
Have Social Security numbers or Individual Taxpayer Identification Numbers.
Are parents or other qualifying relatives supported by the taxpayer.
Live with the taxpayer but aren't related to the taxpayer.
Are U.S. citizens, nationals or resident aliens.
The credit begins to phase out when the taxpayer's income is above $200,000. This phaseout begins at $400,000 for married couples filing a joint tax return.
A taxpayer can claim this credit if:
They claim the person as a dependent on the taxpayer's return.
They cannot use the dependent to claim the Child Tax Credit or Additional Child Tax Credit.
Taxpayers can use the Does My Child/Dependent Qualify for the Child Tax Credit or the Credit for Other Dependents tool on IRS.gov to help determine their eligibility.
More information
QUOTES:
Until the age where your kids start caring about their clothes/shoes (maybe somewhere between 10-13 years old?), don't bring them shopping with you! I never took my girls shopping with me when they were younger. You don't need a 5-year-old demanding the $60 Nike sneakers when the $30 Pumas will be just as good. When I see a pair of sneakers that I know my child would like, I go ahead and buy them in the next size up too. So, the next time she needs shoes, we just pull them out of the closet. Laura from FI Weekly
Winter Wear at the Ready: My kids are continuously misplacing their winter hat and gloves. At a dollar store, I bought the small laundry bags that are white and zip. They have a loop on them. I hang a bag on each hanger with our winter coats. I place the scarf and gloves and earmuffs that belong with that coat inside. When it is time to wear the coat, we have all the extras there. We no longer have to hunt for the missing glove. This works well for each member of the family. Nancy from Dollar Stretcher Tips
Favorite Memories of Frugal Fun :My father was an extremely cheap man! There was one thing out of a few things that he would do that I truly did enjoy as a child and then later as an adult. On occasion, he would get my mother to pack a lunch and he'd throw the lawn chairs into the car. We would go to the airport and watch the airplanes land and take off. I loved this FREE activity and we could spend a whole afternoon with this past time. In later years, with my late husband, we had date night. We didn't go often but would when we saved up a few dollars. When I first introduced my airport adventure to him, he was thrilled. By then (and now), the airports are much more sophisticated. We not only watched the planes come in, but often would talk to people looking for directions. We played pinball, had a snack and browsed the shops. I know that this isn't everyone's cup of tea and that most people would rather be traveling. For us, it was so much fun. We couldn't afford to travel then and now I have too many health issues to go too far except for road trips. Making the most out of having to be frugal and these wonderful memories make me very happy. I have always believed that it isn't how much money you have, but what you do with what you have that counts. Karen K. from DOLLAR STRETCHER TIPS
Rotate toys for Pleasure: Young children tire of their toys quickly. When they go to bed on Christmas Eve, pack all their toys in boxes and store. Keep out only those for which they have a special attachment, such as a teddy bear, a doll, or a favorite car. They’ll be so excited over the new toys Santa brings that they’ll never miss the old ones. About every three months, pack up the toys again and get out those stored. It will be like Christmas all over again. Plan to make the rotation when you know you’re going to have a busy day. The newness will keep the children occupied. From Dollar Stretcher tips
Grandchild Gifting: As grandparents we bought our grandkids bonds instead of gifts. They had way too many toys. And as great-great parents, we decided to give the great-grandkids money instead of toys or gifts for special occasions. We put the money into a savings account for each of them, and it is really adding up quickly. It is not as much fun as toys for either of us, but when they turn 18, they will have a nice nest egg to get a start in life, as did their parents. B & R
BOOKS:
Three Cups : Teaching children how to save, spend, and be charitable can be as simple as 1, 2, 3.
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