Comments on: 12 Ways to Make Your Kids Financially Savvy (Advice From Jonathan Clements) http://allfinancialmatters.com/2007/12/18/12-ways-to-make-your-kids-financially-savvy-advice-from-jonathan-clements/ A personal finance blog dedicated to discussing such topics as budgeting, asset allocation, 401K, IRA, cash flow, insurance, financial planning, portfolio management, and other areas in personal finance. Sat, 21 Nov 2009 13:00:57 -0800 http://wordpress.org/?v=abc hourly 1 By: Anitra http://allfinancialmatters.com/2007/12/18/12-ways-to-make-your-kids-financially-savvy-advice-from-jonathan-clements/comment-page-1/#comment-197337 Anitra Wed, 26 Dec 2007 14:22:43 +0000 http://allfinancialmatters.com/?p=2207#comment-197337 My parents did most of the things on that list for me. I am evidence that these things work. As an adult, I didn't rely on help from my parents for my wedding, buying a house, or even finding an apartment. When they offered to help with my wedding expenses, I took it gladly, with the knowledge that I didn't <b>need</b> their help, though it did make life a lot easier! My parents did most of the things on that list for me. I am evidence that these things work. As an adult, I didn’t rely on help from my parents for my wedding, buying a house, or even finding an apartment. When they offered to help with my wedding expenses, I took it gladly, with the knowledge that I didn’t need their help, though it did make life a lot easier!

]]> By: » Money Monday: Tag Team Edition @ fivecentnickel.com http://allfinancialmatters.com/2007/12/18/12-ways-to-make-your-kids-financially-savvy-advice-from-jonathan-clements/comment-page-1/#comment-195809 » Money Monday: Tag Team Edition @ fivecentnickel.com Mon, 24 Dec 2007 11:02:45 +0000 http://allfinancialmatters.com/?p=2207#comment-195809 [...] JLP lists 12 ways to raise financially savvy kids, and Flexo talks about teaching kids practical money lessons. [...] [...] JLP lists 12 ways to raise financially savvy kids, and Flexo talks about teaching kids practical money lessons. [...]

]]> By: Sunday Money Roundup - Right Before Christmas Edition. | My Two Dollars http://allfinancialmatters.com/2007/12/18/12-ways-to-make-your-kids-financially-savvy-advice-from-jonathan-clements/comment-page-1/#comment-195417 Sunday Money Roundup - Right Before Christmas Edition. | My Two Dollars Sun, 23 Dec 2007 15:01:22 +0000 http://allfinancialmatters.com/?p=2207#comment-195417 [...] All Financial Matters has 12 Ways to Make Your Kids Financially Savvy. [...] [...] All Financial Matters has 12 Ways to Make Your Kids Financially Savvy. [...]

]]> By: Free Money Finance http://allfinancialmatters.com/2007/12/18/12-ways-to-make-your-kids-financially-savvy-advice-from-jonathan-clements/comment-page-1/#comment-194115 Free Money Finance Fri, 21 Dec 2007 11:20:06 +0000 http://allfinancialmatters.com/?p=2207#comment-194115 <strong>Star Money Articles for the Week of December 17</strong> Here are some recent interesting posts from the MoneyBlogNetwork and beyond: No Credit Needed is reviewing May. Get Rich Slowly gives advice for first-time homebuyers. Consumerism Commentary wants to teach children about investing. AllFinancialMatters ... Star Money Articles for the Week of December 17

Here are some recent interesting posts from the MoneyBlogNetwork and beyond: No Credit Needed is reviewing May. Get Rich Slowly gives advice for first-time homebuyers. Consumerism Commentary wants to teach children about investing. AllFinancialMatters …

]]> By: » Early Morning Roundup: Journeyman on Consumerism Commentary: A Personal Finance Blog http://allfinancialmatters.com/2007/12/18/12-ways-to-make-your-kids-financially-savvy-advice-from-jonathan-clements/comment-page-1/#comment-193457 » Early Morning Roundup: Journeyman on Consumerism Commentary: A Personal Finance Blog Thu, 20 Dec 2007 10:29:37 +0000 http://allfinancialmatters.com/?p=2207#comment-193457 [...] On AllFinancialMatters, JLP echoes Jonathan Clements’ 12 suggestions for making your kids financially savvy. I particularly like the first point: children should learn the ability to delay gratification. Not only must the parents be able to say no, but the parents must exemplify this philosophy through modeling sound decisions. [...] [...] On AllFinancialMatters, JLP echoes Jonathan Clements’ 12 suggestions for making your kids financially savvy. I particularly like the first point: children should learn the ability to delay gratification. Not only must the parents be able to say no, but the parents must exemplify this philosophy through modeling sound decisions. [...]

]]> By: Gayle http://allfinancialmatters.com/2007/12/18/12-ways-to-make-your-kids-financially-savvy-advice-from-jonathan-clements/comment-page-1/#comment-193020 Gayle Wed, 19 Dec 2007 20:21:29 +0000 http://allfinancialmatters.com/?p=2207#comment-193020 One of the smartest things I did was to have my teenagers learn how to balance a checkbook---with my checkbook. You need to do this when they are old enough to have some discretion about what they talk about. High school Junior seemed to work out the best. When they actually see what your bills look like they suddenly start to "get it" in a really big way. As a bonus the unreasonable and insatiable demands of the average teenager suddenly cease, and their college choices will become much more realistic. One of the smartest things I did was to have my teenagers learn how to balance a checkbook—with my checkbook. You need to do this when they are old enough to have some discretion about what they talk about. High school Junior seemed to work out the best. When they actually see what your bills look like they suddenly start to “get it” in a really big way. As a bonus the unreasonable and insatiable demands of the average teenager suddenly cease, and their college choices will become much more realistic.

]]> By: dimes http://allfinancialmatters.com/2007/12/18/12-ways-to-make-your-kids-financially-savvy-advice-from-jonathan-clements/comment-page-1/#comment-193014 dimes Wed, 19 Dec 2007 20:13:56 +0000 http://allfinancialmatters.com/?p=2207#comment-193014 Bobby: Joint account holder =/= Authorized User. Authorized Users have no liability for the charges, and therefore no reporting to the credit bureaus should occur. Joint account holders are jointly liable for the debts, so it does reflect on their credit reports. It's the same thing as a cosigner. You just don't want your kid to go out and charge the card up to the max, because you're going to have to pay it off. Bobby: Joint account holder =/= Authorized User. Authorized Users have no liability for the charges, and therefore no reporting to the credit bureaus should occur. Joint account holders are jointly liable for the debts, so it does reflect on their credit reports. It’s the same thing as a cosigner. You just don’t want your kid to go out and charge the card up to the max, because you’re going to have to pay it off.

]]> By: Ryan S. http://allfinancialmatters.com/2007/12/18/12-ways-to-make-your-kids-financially-savvy-advice-from-jonathan-clements/comment-page-1/#comment-192612 Ryan S. Wed, 19 Dec 2007 08:20:03 +0000 http://allfinancialmatters.com/?p=2207#comment-192612 Wow. That's great. With a seven year old living with me, I need to do as good a job of modeling what I do with money as I can. Wow. That’s great.

With a seven year old living with me, I need to do as good a job of modeling what I do with money as I can.

]]> By: The Dividend Guy http://allfinancialmatters.com/2007/12/18/12-ways-to-make-your-kids-financially-savvy-advice-from-jonathan-clements/comment-page-1/#comment-192274 The Dividend Guy Tue, 18 Dec 2007 21:38:15 +0000 http://allfinancialmatters.com/?p=2207#comment-192274 The waiting suggestion in the most important in my opinion. Kids these days, mine included, are all about instant gratification. If that means buying everything you want right away then that is a recipe for disaster. Good post and interesting read. The Dividend Guy The waiting suggestion in the most important in my opinion. Kids these days, mine included, are all about instant gratification. If that means buying everything you want right away then that is a recipe for disaster.

Good post and interesting read.

The Dividend Guy

]]> By: Bobby http://allfinancialmatters.com/2007/12/18/12-ways-to-make-your-kids-financially-savvy-advice-from-jonathan-clements/comment-page-1/#comment-192267 Bobby Tue, 18 Dec 2007 21:09:34 +0000 http://allfinancialmatters.com/?p=2207#comment-192267 I thought Fair Isaac was removing the authorized user accounts from FICO calculations? I thought Fair Isaac was removing the authorized user accounts from FICO calculations?

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