Your elf is back from the North Pole. Great news! Except, now you need Elf on the Shelf ideas.

Here are five Bankrate-approved ideas for teaching your kids to be money-smart like their favorite visiting elf.

  1. Before buying a new car, a smart elf test-drives.
  2. A money-smart elf cuts costs of his morning coffee by making a cup at home.
  3. To protect his identity, a money-smart elf cuts up old credit cards.
  4. He compares mortgage rates and figures his payment before buying a home. 
  5. And he uses a smart thermostat to manage his electric bill.

Is your Elf on the Shelf money-smart? Send in your favorite elf pictures for possible inclusion in a future story!

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