Kids Wealth Money Kit

As I am sure everyone knows, times are tough in our economy right now. The pinch is being felt everywhere. We have been talking for the last year with our kids about the way we spend money so when we were sent kits for them to try from Kids Wealth , we were very excited. Now, more than ever, is the time for teaching our kids how to handle money wisely. For too long our generation has been used to getting everything right now when we want it. We own our homes long before our parents did and are driving cars just like they do without the years of working for it first and it has set unrealistic expectations for our children.

What you see above is what comes in the kit. There is a contract for the parents and kids to sign stating how much the parent will be giving the child to manage each month. It is meant for an allowance type of situation but since we don't do allowance we have decided to set it up on money earned for work done at home and money they earn outside of our home as well as any gift money the kids may receive.

The kit is set up with 5 envelopes reminescent of Crown Ministries. I love this because we had just finished a Crown Ministries kids financial curriculum with our kids a few months before. It feels like we are building on what we have already started. The envelopes you see in the picture on the right are tied to character development and teach about a particular area. They are wealth, plan, learn, fun and angel. Wealth is for saving money to put towards things like savings bonds or college accounts. Plan is for long term goals of saving for specific items the kids would like to save for. Learn is meant to be used for items the kids would like to use for school above and beyond the basics that we provide such as an extra chemistry kit or book series. The fun envelope is meant to be used for what it says, something fun they would like to do. The last is the angel envelope which is used for their tithe money.

I love that this kit is very interactive. The Game Tracker and Activity workbooks keep the kids engaged and part of the process. This hands on kit makes learning about money fun which is important in helping them to take ownership of what they are learning. Learning how to handle money is an invaluable skill and one that can make or break a future very early on.

For $39.95, you choose the Blue or Purple kit and the following is included:

Parents Guide: Instructs you on how to get started on the program in 30 minutes.
Kid's Guide: The Kal & Pals characters teach your children what each KidsWealth Account Wallet is for and how to use them.
Account Wallets: The five KidsWealth Account Wallets are color-coded, durable and portable; perfect for young kids getting hands-on experience with real money.
Kid's Pay Calendar with Kid's Pay Stickers: The calendar and stickers allow kids to keep track of their Kid's Pay days, decorated with wonderful scenes of Kal & Pals.
Kid's Pay Agreement: A tool to help you and your kids keep the program running consistently each month.
Five KidsWealth Pencils, a Calculator and decorative Kal & Pals stickers.

The money kit from Kids Wealth is a great resource and tool to build a solid foundation for learning how to manage money. We will be using these kits for quite some time as we continue to help our kids practice this important life skill. Check out Kids Welath for more information.