Welcome to the April 18, 2008 edition of Kids and Money.
(Note: I have taken the liberty of breaking from my normal practice of letting ALL of the posts speak for themselves; rather, I have removed some entries (not even closely relevant to Kids OR Money) or I have inserted some commentary to clarify or make a point.)
changeyourtree presents 6 Concepts You Must Teach Your Child Before Age 18 (Part 1 of 6): Personal Finance posted at Change Your Tree, saying, "Personal finance is one of 6 concepts we believe you should teach your child before age 18. This article details exactly what you should be teaching..."
This is some really basic -- yet very sound -- advice. Worth a read.
This is a cute story about a 5 year old going to the store.
Llamamoney presents Teach your kids to save with Presidential Dollar Coins posted at Llama Money.
I love coins! I hope they never go away. Coins mean so much more to little kids because they're real. Paper money is conceptually difficult for youngsters to grasp, as in "Why isn't all paper worth $10?"
Lin Burress presents Are You An Enabler? Identifying Early Warning Signs of Enabling Behaviors posted at Telling It Like It Is.
Lin Burress presents How To Stop Enabling: When Our Grown Children Disappoint Us posted at Telling It Like It Is.
Good advice for all. Not just about money.
Meg presents Introducing… FruWiki.com! posted at All About Appearances, saying, "I don't have kids, but I certainly know plenty of people who do and have great respect for challenges of raising kids, especially financially. As someone trying climb out of debt, I've embraced living more frugally and am in awe of the cleverness of fellow frugalites. I launched FruWiki.com so that we could gather and share some of the great wisdom out there and help others live more on less. Hopefully, it will also be a great resource for the younger crowd, too, learning from both our mistakes and discoveries."
Some really great ideas in here.
Great credit card advice.
Jeremy Zongker presents All I Really Needed to Know About Managing Money I Learned From Music posted at Destroy Debt.
Could be a fun way to teach the children about money...
TONS of advice and data here.
hank presents Do we need a MANDATORY financial education curriculum in our schools? | My Investing Blog posted at My Investing Blog, saying, "it's been chatted about several times in the past - but it really SHOULD be addressed sooner than later; we have some pretty strange classes as it is kids take for "electives" these days and Personal Finance should be one of them! I would have taken it!"
Very compelling argument for adding personal finance to public school curricula.
I think all kids begin as leaders and then something happens to them to put them in a spiritual and/or psychological box.
Good general credit card advice, especially the part about reading the Terms and Conditions! Make your kid read a "T&C" document and tell them that if they can understand it, you'll get them a credit card!
I post this only because I think math and science are great disciplines to teach kids HOW to learn. And if they can understand, and apply, these disciplines to their financial lives, all the better.
Put your retirement money in an IRA. Doesn't matter so much as which kind, but when, how often, and how much.
That concludes this edition. Submit your blog article to the next edition of Kids and Money using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.