Ever forget your child's allowance?

MoneyTrail automatically keeps track of allowances and keeps you organized.

Every Dollar Counts!

Teach your child to keep track of their money. It reduces impulse spending.

Finances shouldn't cause headaches!

Practicing money skills when young can lead to stress-free, responsible finances as an adult.

Wednesday, October 26, 2011

Encouraging Entrepreneurship in Kids & Teens, Part Two

Last week in Part One, I wrote about how to encourage kids and teens to develop their entrepreneurial skills.  Today, in Part Two, I want to tell you about a great book for kids and teens, Lunch Money, by Andrew Clements, that will get them excited about starting a business.

Lunch Money is about a middle school boy, Greg Kenton, who has always been obsessed with making money.  Greg started with a lemonade stand and progressed to buying candy and toys in bulk to sell at school.  His latest business adventure is creating miniature comic books to sell.  However, when his long-time business rival, Maura, begins selling her version of miniature comic books, the battle between Greg and Maura escalates to the point of having their items (and businesses) banned from school.  The two kids join forces to convince the school board that student-run businesses are educational and beneficial for the school.  The story takes a close look at commercialism in public schools and the existing attitudes toward entrepreneurship. It also shows how students, parents and teachers can work together to successfully incorporate entrepreneurship within a school setting. 

Friday, October 21, 2011

Encouraging Entrepreneurship in Kids & Teens, Part One

I recently came across a video of Cameron Herold giving a speech entitled “Raising Kids to be Entrepreneurs.”  Cameron is a business coach, mentor and CEO coach who is passionate about recognizing entrepreneurial traits in kids and developing those traits into lifelong skills. 

Monday, October 3, 2011

Pam's Picks: What Money Lessons Can We Learn from 12 Year Olds?

Each week, I spend a lot of time reading new articles and blogs about kids, teens, money and financial literacy.  I'll even pop over to YouTube and see what's going on over there. In "Pam's Picks", I will share some great articles and videos with you.

As parents and teachers, we are most often concerned with what we can teach our children or what they can learn from us.  However, kids can often have some fantastic insights.  Here are stories by two kids who really have their financial acts together.

iPhone Leads to Saving Success via www.americasaves.org
Charlie Tiseo, Money Smart Kid Chicago 2011, writes about his quest to save for an iPhone and what happens if he can't pay the monthly charges.  Parents and kids both can learn from this young man.  Read the article...