Helping kids appreciate money
Little kids are like sponges. All day long, they soak up information. They see dad walk up to a machine in a wall, insert a little card, punch some buttons and out pops green papers. They see mom load up a shopping card with yummy food, give a nice lady or man the same green paper and shiny discs, or yet a different card, and then get to take everything home. This is a wonderful system!
Read MoreOn the back of the One Dollar bill, you will see two circles. Together, they comprise the Great Seal of the United States of America. The First Continental Congress requested that Benjamin Franklin and a group of men come up with a Seal. It took four years to accomplish this task and two years to get it approved.
Read MoreToday’s kids glob on to computer-based programs like it is genetically engineered into their DNA, so dated “tools” like the envelope system we used, piggy banks, etc. don’t capture their attention. And what’s worse, they focus only on the money, and not on what the money can do.
Read MoreCreating money-smart kids doesn’t happen overnight. It’s a skill and a behavior that has to be nurtured over time. The skill lies in learning the value of saving, giving, and spending conscientiously and understanding the difference between wants and needs. The behavior comes from the habits formed in doing these things over time and learning from mistakes.
Read MoreRemember the 80's R.E.M. hit song, "It's the end of the world as we know it"? If we continue to do what we as a nation are doing fiscally, than those lyrics will ring true for our generation and more so for generations to come. Do you know the depth of our current trade deficit, national debt, and budget deficit?
Read More“When it comes to teaching kids about money, the sooner the better” says CNN Money. Early understanding of earning and managing money lays down such an important foundation for your child’s future.
Read MoreDespite the down economy, there are several ways parents and teens can work together to save for college without taking out a second mortgage or losing the house.
Read MoreIt is financial literacy month, so what can you do to help your children become financially literate and at what age should you start?
Read MoreAlbert Einstein called compound interest the “eight wonder of the world”. Compound interest works like magic, with your money constantly feeding on itself to grow larger and larger. How does it work? It’s simple really. Interest is earned and paid not just on your principal, but also on all the previous interest earned. Your total balance grows faster and faster without you doing a thing.
Read More
