I know so many parents out there are struggling with the kids kicking off the new school year. Whether you’re sending them off or doing it all from home, there are many things to teach your kids, but is learning about money one of them? In the wake of a “new normal” after the second semester of 2020 left many of us wondering what the heck we need to do, we’re suddenly finding ourselves playing the role of the teacher, needing to fill in the gaps of the curriculum ourselves.

But thankfully we live in a digital age where homeschooling tips are readily at our fingertips. There are lots of ideas and resources out there to help you level up your homeschooling game—if not to keep you sane, for the sake of the kids. 

For starters, this is a great opportunity to teach your kids important life lessons that are often left out of traditional classroom education. There’s a huge gap in schooling when it comes to learning about money. Think about it: kids just watch their parents swipe a plastic card left and right. Or, let’s be honest, enter numbers onto a website and voila! They get stuff in return. Cool, right? Yeah, until you find yourself still paying off tens of thousands of dollars in school loans a decade after graduating…

So, props to these five Instagram parents for staying ahead of the game and sharing these helpful homeschooling tips. They’re using these early years to teach their kids about the very real (and important!) world of personal finance.

Meredith | @thislifeonabudget

I always looked at lemonade stands as a great excuse to get kids outside in the summertime. Budget-savvy mom of three, Meredith, saw it as a great opportunity for her daughter to learn about money and the basics of entrepreneurship. In this post, she explains how she used the classic lemonade stand as a teachable moment, helping her daughter understand the concept of charging enough to cover costs as well as how to stay on a budget when putting together her “business” plan. I don’t know about you, but I do not look that happy when I’m talking about money. If only Meredith had explained entrepreneurship to me like she did to her daughter…

Nathalie | @thewellthymom

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“You reap in life what you sow in time.” #NathalieODonald 💰 Once a month Babygirl celebrates with the biggest smile when we hand her commission money because Hubby and I want our children to understand the meaning of reaping in life (in this case money) what you sow in time 🙌🏽 💰 We don’t believe in allowance money but commission money to earn for specific tasks assigned to each child. I must say the pride and joy Babygirl exudes on pay day makes it so worth it 🤩 💰 Hubby and I are intentional in teaching our girls foundational life skills by creating a home environment that reinforces real world experiences and proud to say Babygirl is close to her financial goals of purchasing the electronic she has been eyeing📈 #goaldigger #saving #moneytips #raisingmoguls #teachthebabies

A post shared by Nathalie O’Donald|CT Blogger (@thewellthymom) on

This Connecticut mom is insistent and intentional when it comes to teaching her three daughters foundational life skills and learning about money. In this post, she explains her approach to teaching her girls the meaning of being rewarded for the time and work they do. Instead of using allowance, Nathalie and her husband use “commission money” to pay their daughters for certain tasks they complete. This way, they are able to set financial goals and understand the work it takes to achieve them. I mean, look at that smile! That’s one happy girl on a payday. The homeschooling tips from this momma will go a long way when your child is learning about money.

Meghan | @familyfinancemom

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This acorn doesn’t fall far from the tree…⁣ *⁣ If she inherited anything from me, I’m thrilled it’s my love of reading. I walked in to tuck her in for bed last night and caught her reading past lights out. This is her second read of this one – she told me, “It was a big moment in history, Mom, and lots of people lost their jobs – just like is happening now.” She thought she should read it again to make sure she remembered it all right. ⁣ *⁣ The insights this girl has at 8 years old never cease to amaze me. I can’t wait to see the mark she makes on the world one day.⁣ *⁣ If you haven’t already, you can learn more about the Great Depression too, along with 4 other major downturns of the last century, and more importantly how we recovered from them, at the direct link in my bio.⁣ *⁣ What questions do you have about the current economic environment and the actions being taken by the government and Federal Reserve?

A post shared by Meghan | Family Finance Mom (@familyfinancemom) on

Meghan was once a hedge fund analyst, but now she spends her time teaching others (including her kids!) how to live a financially sustainable life. In this post, she has an epic response to her 8-year-old daughter’s comments regarding difficult economic situations. As her daughter was reading about the Great Depression, Meghan saw an opportunity for learning about money and to discuss historical economic struggles and how we recovered from them. Rather than keeping kids in the dark about economic hardship, reading, discussing, and referencing history are just some of the homeschooling tips to help your kids understand what is going on.

Kat | @ezralennoxandme

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Ezra is so eager to learn about money and in his own words “be rich!” 💰 👏🏻 So we’ve made him 4 jars- save, spend, give and invest. 🙌🏼🙌🏼 Can’t wait to watch him launch his first little business and learn hands on for himself how to fill and manage his jars. 💕 Having financial intelligence is super important- something I wish I had learned as a kid. ✨✨ I’d love to hear from you how you’ve taught your kids about money?? . . . #kidsfinance #teachthemyoung #kidsandmoney #moneyjars #finance101 #money101 #richkids #youngentrepeneurs #thumbsup #pinoy #kiwikid #nzkid #nzblog #nzblogger #nzmum #hawkesbay #kidleader #youngbusinessowner #smartkid #eagertolearn #bosskid #bosskids #piggybank #financialintelligence #richdadpoordad #futurebillionaire #futuremillionaire #richkidsofinstagram

A post shared by Kat | NZ Mum Blog (@ezralennoxandme) on

Kat is a mama of two who uses her social platforms to give her followers a glimpse into her life raising her adorable kids. While she doesn’t focus on financial literacy, she did post about her creative approach to teaching her son about money. She labeled four jars—save, spend, give, and investas a hands-on activity that shows her son what people can do with their money. Not only does it provide him with a clear visual of money distribution, but it also opens the doors for some important conversations and learning about money management! I love this idea so much. I mean, think about what you could do to personalize these a little, adding some fun stickers or a little paint. I might just have to go invest in some jars myself…

Tina | @weliveonabus

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Weird fact about our family…⁠ …⁠ My kid is in debt and needs to pay me back.⁠ …..⁠ This isn’t a new thing. Both boys have been in and out of debt several times. If they break or lose something and they don’t have the money to pay for it, the fees get put on a "credit card". The credit card is actually a notecard where I add the totals when they earn money to pay me back. They also have to pay interest…just like a real credit card.⁠ …..⁠ Why do we have to be so weird?⁠ …..⁠ I want them to know what it feels like to be in debt while they are in the safety of our home. Right now, the consequences of their debt are painful, but not detrimental. When they are in debt, they don’t go out to eat. Broke people shouldn’t be eating out on a credit card. When they are in debt, they only do free activities. Broke people shouldn’t spend money on fun when they owe someone else money.⁠ …..⁠ My parents set a great example on how to live a debt free life, but Chris and I didn’t follow it when we were first married. I knew we were heading down a bad path when we just HAD to put a tennis racket on a credit card so we had something fun to do together. I used the tennis racket once and we tore up the card. That stupid racket cost me so much money. I had to feel the pain of debt to really get it.⁠ …..⁠ I paid off my last student loan by driving for Uber. I never want to owe anyone money ever again. I really hope these two will be able to say they had to pay off their debt by making beds and folding laundry and they never want to be there again. If not, at least they can say their parents tried and they will have something to tell their therapist.⁠ .⁠ .⁠ .⁠ .⁠ .⁠ #debtfreecommunity #debtisdumb #assholeparents #becausehomeschool #thisishowweparent #skooliekid #skooliekids #parentingteens #homeecclass #skoolieliving #parentingstyle #skooliebedroom #skooliebuild #honestmommin #teachthemyoung #roadschool #kidsandchores #fulltimefamilies #homeschoollife

A post shared by Tina•IG Manager•Skoolie (@weliveonabus) on

First of all, this family lives on a bus. So! Cool! Second of all, these parents have a super unique way of ensuring their kids are learning about money and understanding the concept of debt. In this post, Tina, mother of two, explains how her kids are “in debt” and need to pay her back. Whaaat? So here’s how it works, when the kids break or lose something and don’t have their own money to replace it, they have to earn money to pay their parents back… with interest! While this may be unconventional, Tina swears by it. After all, it’s a great way to teach her sons about credit cards and the realities of debt while the stakes are low. It’s safe to say there are no freebies in this family

And once again, the internet saves the day! Simple homeschooling tips go a long way in learning about money and its complexities. It can be tough going the extra mile outside of school, but it is a great opportunity to spend a little more time with your kids and teach them the things you wish you were taught at their age. And remember, perhaps most important of all: no matter what you’re going through, know you are never alone.

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