Comments on: Teaching Kids and Teens About Money: Tips from the Dave Ramsey Show

By: Jason

Jason — Tue, 12 Jan 2010 21:57:26 +0000

Artie, Yes, an important part of teaching children about money is how to earn money. I agree that if the work doesn’t get completed, the child should be paid.

By: Artie

Artie — Tue, 12 Jan 2010 20:49:08 +0000

Teach kids to give, save, then spend. teach them to save for purchases and pay cash. Don’t give them an allowance. Put them on commission. work get paid, don’t work don’t get paid (just like the real world). give them chores… some chores they do for free, some they will get paid for. wash/clean the car, clean the garage, take out trash, etc. (this advice comes from both Dave Ramsey and Larry Burkett).

Don’t just give kids money for doing nothing, that teaches them nothing.

By: lucy

lucy — Thu, 03 Dec 2009 22:11:41 +0000

Hey!
I discover a great game to Kids, EKOMINI, It’s an interactive educational game in order to learn about financial literacy.

This web-enabled Piggy Bank is connected to a computer and the Internet.

Through computer games and interactive storytelling, kids learn about earning and saving, spending, sharing and investing their money.

Really it’s a great projet, my kids are so happy with this toy.
To know more, I recomend you to visit ekomini (dot) com http://www.ekomini.com

or ekomini (dot) com/blog or http://www.ekomini.com/blog

…remember that Christmas is coming and you can offer this to your kids!!!

By: Teach Children to Save Money

Teach Children to Save Money — Wed, 11 Nov 2009 04:41:31 +0000

Couldn’t agree more, these are great suggestions. As a single parent that was *less* than good with money throughout my youth, teaching children about money is CRUCIAL, in my mind. I’m not going to blame parents, schools, etc, but quite simply, I clearly “didn’t get it”, and I am still paying for those mistakes a decade later! And quite frankly, I hate the position I got myself in, everytime I pay off my past debts… I could have used my time/money sooooo much better.

A program was suggested to me by a friend, that teaches kids to be responsible with money, and puts them in control of their money. It’s a fun, interactive booklet + personal website that makes tracking their money fun – more importantly, the tugs on the pantleg going through the grocery checkout and the tantrums have all but disappeared! I guess that’s a little self centered of me… but any parent knows those situations all to well. For the record, I too used to do this to my parents, I was apparently horrible to bring into a store… oops!

If anyone is interested, the program is designed by KidsWealth: http://www.kidswealth.com (hope it’s OK to post URL, I put it in my comment description to).

Just my .02c (no pun intended) !!