http://www.consumerismcommentary.com/2007/04/05/guest-post-thoughts-on-raising-money-smart-kids/ A premiere personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Sun, 08 Nov 2009 07:50:42 -0500 http://wordpress.org/?v=2.8.5 hourly 1 http://www.consumerismcommentary.com/2007/04/05/guest-post-thoughts-on-raising-money-smart-kids/#comment-91105 Melisa Sun, 08 Apr 2007 15:57:14 +0000 http://www.consumerismcommentary.com/2007/04/05/guest-post-thoughts-on-raising-money-smart-kids/#comment-91105 Great article! I especially like the idea of encouraging basic math - especially for young girls. Girls are often given the impression that is okay if they are not good at, or do not like math. I also love the idea of making money concepts fun. I recently wrote a post on my blog about ING's recent contest, Adventures in Savings, a fiction-writing contest aimed at teaching young children the value of money. Check it out! Great article! I especially like the idea of encouraging basic math – especially for young girls. Girls are often given the impression that is okay if they are not good at, or do not like math. I also love the idea of making money concepts fun. I recently wrote a post on my blog about ING’s recent contest, Adventures in Savings, a fiction-writing contest aimed at teaching young children the value of money. Check it out!

]]> http://www.consumerismcommentary.com/2007/04/05/guest-post-thoughts-on-raising-money-smart-kids/#comment-91059 Raising Money-Smart Kids Sat, 07 Apr 2007 20:50:54 +0000 http://www.consumerismcommentary.com/2007/04/05/guest-post-thoughts-on-raising-money-smart-kids/#comment-91059 [...] this week, Flexo @ Consumerism Commentary published a guest post sent by me: Thoughts on Raising Money-Smart Kids. The post is a collection of my thoughts on the potential ways of conveying money concepts to kids. [...] [...] this week, Flexo @ Consumerism Commentary published a guest post sent by me: Thoughts on Raising Money-Smart Kids. The post is a collection of my thoughts on the potential ways of conveying money concepts to kids. [...]

]]> http://www.consumerismcommentary.com/2007/04/05/guest-post-thoughts-on-raising-money-smart-kids/#comment-90948 dimes Fri, 06 Apr 2007 14:52:18 +0000 http://www.consumerismcommentary.com/2007/04/05/guest-post-thoughts-on-raising-money-smart-kids/#comment-90948 I think explaining the concept behind checks, credit cards, or ATMs is important. A lot of kids think ATMs are money machines and checks *are* money. Parents should explain accounts to children. I think explaining the concept behind checks, credit cards, or ATMs is important. A lot of kids think ATMs are money machines and checks *are* money. Parents should explain accounts to children.

]]> http://www.consumerismcommentary.com/2007/04/05/guest-post-thoughts-on-raising-money-smart-kids/#comment-90918 Ben Fri, 06 Apr 2007 06:25:18 +0000 http://www.consumerismcommentary.com/2007/04/05/guest-post-thoughts-on-raising-money-smart-kids/#comment-90918 Thanks for the ideas! There are so many people clueless about personal finances today, I'm determined our young son won't grow up to be one of them. New ideas are always helpful. Thanks for the ideas! There are so many people clueless about personal finances today, I’m determined our young son won’t grow up to be one of them. New ideas are always helpful.

]]> http://www.consumerismcommentary.com/2007/04/05/guest-post-thoughts-on-raising-money-smart-kids/#comment-90872 KMC Thu, 05 Apr 2007 16:30:21 +0000 http://www.consumerismcommentary.com/2007/04/05/guest-post-thoughts-on-raising-money-smart-kids/#comment-90872 My little girl is only three, so I don't know if she'll turn out to be money smart. I think the bottom line, though, in teaching about money is to just not be a knucklehead. Just a few basics are enough. You all know them already - spend less than you earn, etc. My parents were horrible money managers. I paid little attention to what school education I got on the topic. Predictably, I fell victim to the same trap many people do - went to college on loans, maxed credit cards, you know the deal. Eventually I learned the hard way. If I can do anything to help my children, I imagine it will be to just set a good example. Golbguru points out that kids listen even when they appear not to. I'll try to include her when we talk about money and explain things if she's interested. That's about all I really think I can do. My little girl is only three, so I don’t know if she’ll turn out to be money smart. I think the bottom line, though, in teaching about money is to just not be a knucklehead. Just a few basics are enough. You all know them already – spend less than you earn, etc.
My parents were horrible money managers. I paid little attention to what school education I got on the topic. Predictably, I fell victim to the same trap many people do – went to college on loans, maxed credit cards, you know the deal. Eventually I learned the hard way.
If I can do anything to help my children, I imagine it will be to just set a good example. Golbguru points out that kids listen even when they appear not to. I’ll try to include her when we talk about money and explain things if she’s interested. That’s about all I really think I can do.

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