Browsed by
Category: Teaching Kids Financial Literacy

Scams and the Education of Our Children

Scams and the Education of Our Children

Ryan just sent me this text message: “Do you think the people I gave money to this morning scammed me?” Ryan went on an early 8-mile run with a group of people this morning. On his way home, he stopped for gas. While filling up, he was approached by two very distraught females saying they had run out of gas. They asked if he had any money they could use to buy some gas. Ryan gave him all the change…

Read More Read More

Kids and New Year’s Resolutions

Kids and New Year’s Resolutions

Ah, New Year’s Resolutions. Most of us make them. But sticking to them… Here’s an idea. Get the kids involved. They love to know what’s going on in your life. They’re snoopy that way. Actually, they’re just curious about how adults work. So let’s use this opportunity to teach them about New Year’s Resolutions…which is simply a fancy beginning-of-the-year way to say ‘goals’. It’s usually not too difficult for adults to come up with goals. Most of them have been…

Read More Read More

5 Easy Steps to Teaching Kids Money the Brain Compatible Way

5 Easy Steps to Teaching Kids Money the Brain Compatible Way

Turns out, we can actually teach in a way that’s compatible with our brain.   And when we do, interest level increases, retention improves, and confidence builds all leading to more complex learning.  That’s the conclusion of decades of research about how our brain works. The good news is, brain-compatible teaching is not that difficult to do.  It all begins with designing an effective learning environment.  Here are 5 easy steps you can take to create an environment conducive to…

Read More Read More

Great Holiday Gifts: Board Games that Teach Money Concepts to Kids

Great Holiday Gifts: Board Games that Teach Money Concepts to Kids

Board games are always great gifts for the holidays.  And board games that teach kids money skills are doubly great!  The key is to sneak in the “money conversation” as you play. For example, the popular Game of Life oozes opportunities to discuss buying a house, paying insurance, being prepared for unexpected expenses, playing the stock market… And the lesser known Allowance Game is perfect for discussing wise spending choices, earning interest on savings, and jobs that your kids can…

Read More Read More

Teaching Kids the Price of Luxury – A Teachable Money Moment

Teaching Kids the Price of Luxury – A Teachable Money Moment

It’s our job as parents to provide food, shelter, and clothing to our kids.  But no where in the manual does it say that our little cherubs need to be clothed in the finest of linens. So the next time you’re out shopping with Junior, and he is just drooling over those $100 Lacoste shoes that “everyone is wearing”, remind him that you will always make sure his toes are dry and comfy, but your shoe budget taps out at ($60)….

Read More Read More