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Tag: Teaching Kids Money Management

Gas Money

Gas Money

I don’t like to interfere with the business dealings Nathan and Ryan have.  I am confident that they can handle them effectively and ethically.  A year ago I probably wouldn’t have included the word ‘ethically’ but given what’s happened since then, focusing on ethics has become pretty important. Nathan has a little side business where he drives kids to and from school…for gas money.  If you read an earlier post where I wrote about two empty seats in his car…

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Wanna Know What Kids are Saving For?

Wanna Know What Kids are Saving For?

Very cool.  I’ve actually wanted to know the answer to this for a log time…on a bigger scale than the students I work with.  And I happened upon it today.  US Bank surveyed 1500 (that’s a lot!) kids ages 5 – 12 to find out what they were saving for.  Here’s what they discovered: 30% college 15% car 10% pet 9% trip 8% video game 7% helping others/animals 6% iphone 5% laptop 4% musical instrument 3% cell phone 3% other I…

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Priorities Established…and They're Only 5

Priorities Established…and They're Only 5

So that was fun.  I got to hang out with  kindergartners  and first graders this morning.  With Ryan’s former K/1 teacher.  It was like old times when I used to go in twice a week and teach math.  Only this time, I was the student. That’s because I wanted to find out what 5- and 6-year olds know about money.  I told them that I wanted to learn from them today.  They thought that was pretty cool and sat up…

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Debt Sucks

Debt Sucks

I help prepare kids for their eventual financial futures.  Which means, I get them when they’re young and teach them how to stay out of debt and build wealth.  So being confronted with young adults who are already thousands of dollars in debt is a bit sobering for me. I was asked to work with a group of foster kids (they’re actually 16-23 year olds) and teach them stuff about money.  So on my first visit, I played a little…

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5-Year Olds DO Get It

5-Year Olds DO Get It

I had the pleasure of a phone conversation with my 5-year old niece, Olivia, the other night.  We were chatting about her first weeks in Kindergarten.  Apparently, Ian had brought in a pretty nifty coin collection because she talked about it for about a minute, which, if you know anything about five-year-olds, is a pretty long time for any one topic! So that led to a discussion (albeit, short) on money.  I asked her what she knew about money.  “You buy stuff…

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