Finance

In an increasingly cashless society, the humble piggy bank feels like a relic. How do we teach our children the value of a dollar when they rarely see physical money exchanged? The abstract nature of digital transactions, from tapping a card to in-app purchases, makes it harder than ever for kids to grasp fundamental financial concepts like earning, saving, and spending. The age-old parental dilemma of “how much allowance is fair?” has morphed into a more complex challenge. ...

In a world of one-click purchases, contactless payments, and virtual currencies, the tangible concept of money is rapidly fading for our children. The classic piggy bank, once a cornerstone of childhood savings, now competes with the instant gratification of the digital marketplace. This shift has created a “financial sense gap,” where children understand the concept of getting things but not the underlying principles of earning, saving, and responsible spending. As parents, it’s our responsibility to bridge this gap, and thankfully, modern tools like the Ojakee app can transform this challenge into an engaging and data-driven learning experience. ...

The decision to have a child is often described as one of the most profound emotional experiences in life. But what if we looked at it through a different lens—a financial one? This article explores the controversial but thought-provoking idea of viewing children as a long-term investment and compares them to traditional financial assets like retirement savings. The Cost of Raising a Child: A Deeper Look Before we can analyze the “return,” we must first understand the “principal.” According to recent data, the cost of raising a child to age 18 for a middle-income family in the U.S. is estimated to be around $300,000. This figure, which doesn’t even include college, breaks down into several key categories: ...