Kids and Money - April 18, 2008

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.

Ashley presents A trip to the store. posted at Wide Open Wallet.

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?"

Chief Family Officer presents Here's a piggy bank I WON'T be getting posted at Chief Family Officer, saying, "This has got to be the most disturbing piggy bank ever!"

It is.

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."

Great idea!

Sonja Stewart presents Kid Friendly Without the Cost posted at Parenting Squad.

Some really great ideas in here.

Raymond presents The 6 Best Credit Cards According To CNN Money posted at Money Blue Book.

Raymond presents How To Get Your Free FICO Credit Score posted at Money Blue Book.

Raymond presents How To Avoid A 0% Balance Transfer Mistake posted at Money Blue Book.

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...

Will presents Teach Your Kids About Money And Reap The Rewards posted at Your Finish Rich Plan, saying, "Illustrates the need to educate our kids about money and provides means to do so"

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.

Life. Money. Development. presents The 7 Attributes of Leadership posted at Life. Money. Development., saying, "An excellent presentation of the attributes every leader should have."

I think all kids begin as leaders and then something happens to them to put them in a spiritual and/or psychological box.

Jeremy Zongker presents Are Low Interest Credit Cards Really a Good Deal? posted at Creditor Web.

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!

Sagar presents Top 10 Free Math and Science Online Courses posted at Accredited Degrees.

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.

David Carter presents Which is Better Roth or Traditional IRA? posted at David Makes Cents.com, saying, "Goes over the pros and cons of both Traditional and Roth IRAs."

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.

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