Nathan made an interesting comment recently at the dinner table. “I love Sunday evenings. Not because there’s school the next day but because I get two days off from work.” Nathan works at In and Out Burgers. It’s a great first job for a teenager. The hours are pretty accommodating to his school schedule and he gets to work with other kids his age. And then there’s the paycheck…and, apparently, the days off. But this first job has taught Nathan…
From my monthly newsletter The Kidnexions Connection: Making decisions can be tough for kids. Especially when they’re confronted with two very appealing choices. I can go to my friend’s sleepover birthday party or attend the premiere to the new Harry Potter movie with my family. If they choose to go to the sleepover, they’ll be able to hang out with their friends and stay up late. On the other hand, if they go to the movie, they’ll be a part…
The best way to teach kids financial literacy is in the context of their everyday lives. Here’s this month’s teachable money moment: Knowing and understanding money vocabulary is an important step towards financial literacy. “We’re going to cut back on our expenses and cancel the magazine subscriptions we don’t use.” “How much profit did you make on your lemonade stand?” ” No, we can’t buy that this week because it’s not in our budget.” And here’s an old teacher trick…
The best way to teach kids financial literacy is in the context of their everyday lives. Here’s this month’s teachable money moment: The next time you’re out shopping with your child and she finds something she wants to buy (with her money, of course), have her think about the number of work hours or jobs that are necessary for her to pay for the purchase. For example, have her come up with the number of hours she would have to…
Here are some useful tips and ideas for giving kids gifts that help them become saving savvy and money smart.