Personal Finance for Kids
Our iTouch fund. We’re trying to teach our kids that they need to save up for technology. But…it’s tough in our affluent community.
Kids are kids, and they will always think someone else’s house/car/swimming pool/clothing/bike/fill-in-blank is better than theirs. It’s beyond frustrating, but parents, guardians, caretakers, and teachers–you are not alone! I try hard to maintain a sense of humor about it, but I, too, fall into that black hole of preaching to my kids about spending money responsibly, etc., etc. Here are some resources, books, articles, and more to tap into (besides our blog) to help you figure out how to raise and teach children the value of frugality and thrift in an age of continuous and overbearing consumption. Keep checking in for additional resources.
- Love this quote! “The words ‘interest’ and ‘debt’ should not be foreign to a kid who’s 14,” by Brian Page, a teacher in Cincinnati who was featured as a “Money Hero” in Money Magazine’s July 2012 issue. To read the article, click here.
- For teachers, the government offers a set of tools to download to teach kids the fundamentals of finance. Click here to see.
- Financial Reality Shows for Teens. For the post about this organization, click here.
- Post about allowances written by a 10-year-old on Frugal Mama’s blog. Click here.
- What NOT to tell your kids about finances. I actually like this article on Yahoo–it has great points. It’s a good guide to the question that most kids inevitably ask…”Are we poor?” or….”How much money do we have?”