Kids and Money
« Previous EntriesWhat Good Will Giving Each Baby $500 Accomplish?
Monday, November 9th, 2009As if we don’t have enough government programs as it is…
MSN Money posted an article over the weekend titled, Junior’s 1st Paycheck: $500 at Birth.
I wrote about this program, called ASPIRE, in the past. The goal of ASPIRE is to give EVERY newborn baby a $500 savings account to be used for college, buying [...]
Kiplinger’s List of Things College Students DON’T NEED
Monday, August 24th, 2009In the spirit of the back-to-school season, I thought I share with you Kiplinger’s list of Ten Things College Students Don’t Need. Here are the first 5 from their list (along with my thoughts in italics):
1. New Textbooks. To avoid paying unfathomable new-book prices, see whether your university offers a rental program—or rent [...]
An Update on the Youth Cash Card Experiment
Friday, July 24th, 2009Remember back in December when I wrote about how I was rethinking my kids’ allowances? Well, it’s been a little over six months since we opened youth cash cards for our kids and I thought it would be good to give you an update.
So far, so good!
Not every bank offers youth cash cards. [...]
Kids and Money – Is the Money Really Theirs?
Thursday, July 23rd, 2009It’s a common problem. Kids get a birthday card with a check and the first thing they want to do is cash it and immediately go spend it. Why do kids do this? David Owen, author of The First National Bank of Dad*, thinks the reason is because kids typically have no [...]
Question of the Day: Kids and Money
Thursday, June 4th, 2009I was just taking a money survey over at Charles Schwab and came across this question:
Of the following, which are the most important lessons in saving and investing for parents to teach their children?
Select up to two options:
A. Live within your means
B. Begin saving at an early age
C. Avoid [...]
Survey Says: Now is the Time to Talk to Teens About the Economy
Tuesday, May 19th, 2009This is a guest post by John M. Box, Ph.D., Senior Vice President of Education, JA Worldwide. I meant to post this last week while I was on vacation but never got to it. Anyway, I think Junior Achievement is an important program so I’m happy to help them spread the word.
In our current economic [...]
Lessons Learned: Saving on Your Child’s School Lunch
Tuesday, March 31st, 2009This is a guest post by John M. Box, Ph.D., Senior Vice President of Education, JA Worldwide. I meant to post this last week while I was on vacation but never got to it. Anyway, I think Junior Achievement is an important program so I’m happy to help them spread the word. [...]
JLP’s Kids and Household Chores Experiment
Wednesday, February 18th, 2009My wife just came off a plant turnaround. For those of you not familiar with a turnaround, it’s when a plant shuts everything down to do maintenance. Naturally, when the plant is down, they aren’t making product, which means they aren’t making money. In other words, they want it back up and [...]
Rethinking Our Kids’ Allowances
Tuesday, December 23rd, 2008I’ve written in the past about how my wife and I handle our kids’ allowances. Basically, we pay our boys $10 per week. That allowance means that my wife and I are not hassled for stuff every time we go to a store. If they want to buy something extra, they have [...]
Abercrombie…
Monday, November 24th, 2008At this very moment I’m standing in an Abercrombie store waiting for my oldest son to pick out some jeans. You know, I could handle their prices if I didn’t feel like I was buying garage sale crap!
More thoughts later…
FYI – my son is putting some of his own money towards the purchase.
UPDATE: [...]