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Category: Teachable Money Moments

Opportunity Cost

Opportunity Cost

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 of an elite group that has insider scoop on the popular new flick. …

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Oil. It’s Important.

Oil. It’s Important.

My niece stopped by for a quick visit on her way through to Burning Man.  She was driving my sister’s 2003 Honda Accord. “Yup, it’s my car now,” my niece smiled. I knew she had been having problems with her 1993 Toyota Tercel .  But I didn’t know what the problems were. “So what happened to your car?” I asked. “I ran out of oil.” Really?  That’s what the problem was?  Not an old transmission or faulty spark plugs?  But…

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Renting vs Buying a Saxophone

Renting vs Buying a Saxophone

This is Nathan.  He’s playing By Loch and Mountain, one of my absolute favorite pieces he learned in middle school.  That was five years ago.  Nathan is now headed off to college soon and will not be taking his saxophone with him.  So I’m selling it. Until today, it had been three years since he tooted a note.  He quit band his sophomore year in high school.  Even so, I’d been holding on to the sax in the off-chance that he might…

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Early Training Pays Off

Early Training Pays Off

“There are three boxes of Honey Bunches of Oats.  Are you not eating them, Nathan?” I was washing the breakfast dishes when Ryan opened the pantry door and noticed all the cereal. “I’ll eat them.” replied Nathan.  “I just want to finish the Chex first.” I started to chuckle.  A few weeks ago, this would have been a weird conversation between the two teens.  But since Ryan has been doing all the grocery shopping, he’s beginning to notice things.  Things…

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Ryan Learns to Grocery Shop…and Gets Paid

Ryan Learns to Grocery Shop…and Gets Paid

Ryan just got back from Winco.  He was grocery shopping.  For me.  My entire weekly list of items. For over a year, Ryan has asked me if he could do the grocery shopping.  He knows it’s way down on my list below scrub the toilet and clean the hair out of the sink.  But for some reason, I thought it would be more of a hassle having him do it than me just going and getting it over with. I…

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