Well, my kids are getting in on the money savings act–literally! Jonathan went to Texas to visit his older brother, Daniel. While he was there, Daniel and his fiancee’, Jenn, decided to give Jonathan “the” money savings tips talk. The took some tips from one of my books and make a short film about savings money! So funny!

Please enjoy watching “The Hendersons” as they teach their son about saving money!


You’ll see that the apple doesn’t fall far from the money tree!

Also, here’s an abbreviated checklist on how your kids can be Fiscally Fit. For the longer version, email assistant@elliekay.com and request “Fiscal Fitness”:

Age 2 to 4

  • Picks up toys cheerfully
  • Is on a schedule for sleep, play, and work (or school)

Age 4 to 6

  • Makes bed in a basic way (not necessarily neat)
  • Picks up room regularly
  • Brings clothes to hamper
  • Knows how to set and clear the table
  • Knows how to take out the trash

Ages 7 to 10

  • Knows how to sort laundry into whites, coloreds and darks
  • Can fold laundry and put it in everyone’s room
  • Is given an allowance
  • Has a savings account at home and at a bank
  • Manages a fun kid budget (restaurant, zoo, amusement park, etc)

Ages 11 to 12

  • Begins to do additional “jobs” for hire within the home and occasionally for friends or family.
  • Has a savings account with at least $200 to $250 in it.
  • Is learning the meaning of delayed gratification
  • Can save up for half of a larger ticket item they (bike, skates, video games, etc)
  • Is regularly contributing to a community organization either through volunteer hours or donating goods (clothing, toys, money)

Ages 13 to 15

  • Can manage and balance their own checkbook with supervision
  • Has enough in savings to take out $200 to $300 to start a mutual fund
  • Able to do outside jobs for hire among approved employers in the neighborhood
  • Regularly pays for non-family outings (movies, theme parks, etc)
  • Is saving for a vehicle
  • Is aware of the fact their grades in high school will impact their ability to get into college and earn scholarships for college

Age 16 to 20

  • Can balance a checkbook without supervision
  • Has an additional credit card (on parents account) and can use it responsibly
  • Can manage and balance a clothing budget and personal financial budget
  • Regularly works inside and outside of the home during breaks from school
  • Has paid for 1/3 to 1/2 of the cost of their car
  • Maintains a good GPA (or what they are capable of)
  • Has a regular volunteer position (hospital, coaching, church involvement, etc)
  • Can use social media to learn ways to save money

Ellie Kay
“America’s Family Financial Expert” (R)

©2016-2020 Ellie Kay


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