Saturday, November 19, 2011

Pam's Picks: Teaching Kids about Money

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.

Teaching your kids about money involves more than learning to count pennies and dollars.  It encompasses topics such as saving, living within your means, investing, and avoiding impulse purchases.  I ran across several marvelous articles this week that put a new spin on how to teach kids about money.

8 Habits that Separate Doers from Dreamers by Dan Kadlec on
Are you a Doer or a Dreamer?  Dan shares 8 habits that can lead to reaching retirement goals and raising money-smart kids.  Read the article...

10 Lessons to Teach your Kids about Money on 
This article covers 10 basic areas of money management.  I really like the emphasis on modeling these behaviors so the your kids can learn not only from what you say, but also from what you do.  Read the article...

Teens and Money - teach them both planning and generosity by Dr. Kenneth Ginsburg and Susan Fitzgerald on
The first sentence sold me on the article:  "Nothing magical happens when kids turn 21 to make them able to manage money."  The authors describe the importance of letting kids manage their own money and give practical tips for parents of kids and teens.  Read the article...

Financial Advice for My Future Kids by Kevin McKee on
I'll admit...I was skeptical when I saw the title of this article.  How can someone without kids be giving advice to those of us with kids?  However, I was proven wrong!  There are some great ideas in Kevin's list, such as "always pay your bets and debts" and "Dad's money is not your money."  Read the article...


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