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.

Showing posts with label Entrepreneurship. Show all posts
Showing posts with label Entrepreneurship. Show all posts

Thursday, May 10, 2012

What My Mom Taught Me about Business

I originally wrote this post last year for Mother's Day.  I just love the memories in this story so I thought I would share it with my new readers this year.  I hope you enjoy...

Mother’s Day is just a few days away and it has me thinking, of course, about my mother. Take a look at the lovely photo to the left. Yup…that’s my mother and me at the grand opening of her craft store. (I’m the one in the “Little House on the Prairie” dress!) I believe I was about four years old at the time.

Thursday, January 5, 2012

My Interview with Rock Your Block

Rock Your Block is a Facebook and mobile application that helps teens find job opportunities in their community. It's all location-based, so teens build a dynamic online resume that they can easily send off to local employers.  "Rock Your Block empowers teens to learn invaluable life-skills and develop a strong work ethic at an early age – ultimately setting them up for long-term success."

I have had the pleasure of getting to know the folks at Rock Your Block through several conversations.  Today they posted an interview with me about the importance of family involvement with teaching kids and teens about money management.  Here is the beginning of the interview.  Please click through to their site to read the full story.

As teens find opportunities to make money in their communities, Rock Your Block wants to make sure that they have the right tools and resources to track their earnings and spending, set money-saving goals, and learn the overall importance of money management. Parents play a vital role in instilling financial management values in their children, and our interview with Pam Whitlock, founder of Atlanta-based MoneyTrail highlights the importance of involving the entire family in money matters and how their application helps cater to the needs of today’s busy families.  Read the full interview...

Thursday, November 3, 2011

Moving Beyond "What do You want to be When You Grow Up?"


If I had a dollar for every time I heard the phrase “What do you want to be when you grow up?” I could take a really snazzy vacation!  It is one of the more common phrases that adults (myself included) ask kids.  It starts when they are in preschool and continues until they are in high school.  Then the questions often change to “Where are you going to college?” and “What are you majoring in?”. 

We have an opportunity to move beyond these basic questions with our children and get them thinking about deeper concepts --- careers that fit their personalities and talents, goals (both personal and professional ) for different stages of their lives and steps they can take at a young age to get closer to their dreams.  I am not saying that we should sit down our 8 year old and subject him to an intense job interview and personality exam.  However, over time through normal conversations and everyday life, we could plant the seeds of thought so that when our teens are ready to leave the nest, they will have more specific ideas, goals and plans.

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. 

Tuesday, September 27, 2011

Money Lessons at Playtime

When we lived in NC, I was a school teacher and taught first grade and a special needs preschool class.  Kids at that age are "hands-on" learners.  They need to be active and learn through actually doing things instead of just hearing about them.  With every new concept that I wanted to teach, I would find a way to make the concept real for the students.  For example, when we were learning to sort and categorize, I would lie on the floor with the kids and have them sort hot wheels cars by color or type.  When we were studying nutrition, we planned a meal, took a trip to the grocery store to purchase the food and then cooked it for lunch.  
This same theory can be used to help our kids learn about money management and potential careers.  Look for opportunities to incorporate money lessons in the things that are important to your child.  Saving for a special toy or a favorite charity can initiate many thoughtful money discussions.  Let your child help you with the grocery shopping and talk about price comparisons.  Let your child make choices with his money and remember that mistakes are just opportunities for learning.


Alisa T. Weinstein, author of Earn It, Learn It, has a unique perspective on connecting the dots between playtime, careers and earning money. Check out her video from PBS Nightly Business Report.


Career and Money Lessons Kids Learn at Playtime


Tuesday, August 30, 2011

Use Labor Day to Encourage Entrepreneurship in Kids & Teens



Labor Day is “a yearly national tribute to the contributions workers have made to the strength, prosperity, and well-being of our country.” (via www.dol.gov)  This year let’s make Labor Day an opportunity to talk to your children about potential careers, entrepreneurship and taking pride in their work.  Here are several great resources for you and your children.


Monday, June 27, 2011

Summer Reading: Books for Kids & Teens about Money

The lazy, hot days of summer are a great time for kids and teens to explore some great books.  Here are four reviews of books, two for kids and two for teens, that can initiate excellent conversations about money and entrepreneurship.

Wednesday, June 15, 2011

Father's Day Lessons: Tears, Snow Cones and Business Skills

With Father’s Day just around the corner, my thoughts this week have been on my Dad and the lessons I have learned from him over the years.  Back in May, I wrote about my Mom (for Mother’s Day) and after writing that post, I knew immediately what I wanted to write about for Father’s Day.  This is for you, Daddy!

One of my Dad’s hobbies/talents was making jewelry and working with rocks.  He taught classes in Lapidary (the art of transforming stones, minerals and gemstones into decorative art).  I was definitely a Daddy’s girl and would hang out with him at class or in the basement when he was working.  I learned how to cut, polish and facet stones at an early age.

Friday, May 6, 2011

My Mom, Lady Bugs and Entrepreneurship?


Mother’s Day is just a few days away and it has me thinking, of course, about my mother.  Take a look at the lovely photo to the left.  Yup…that’s my mother and me at the grand opening of her craft store.  (I’m the one in the “Little House on the Prairie” dress!)  I believe I was about four years old at the time.  


Today we would call my mom an entrepreneur or more recently, a “mompreneur”.  She was, and still is, an incredibly crafty person.  She can sew, knit, crochet and quilt.  When she was a mother of two young children in the early 1970’s, she took her skills and passions and used them to open her own business.   It was most definitely a family business.  My dad made jewelry to sell and helped with the administrative end of the business when he wasn’t at his “real” job.  When my brother and I were out of school, we were right there in the store with my mom.  I remember creating my imaginary store under the tables with my Fisher Price cash register, sneaking sips of my mom’s coffee and once, falling in a nearby creek.  Thankfully, my big brother was around to pull me out of the water!

Perhaps my fondest memory involved lady bugs and magnets.  When I was about 7 years old, I decided that I was going into the refrigerator magnet business.  I took red and black pompoms, black beads and a couple of wiggly eyes.  I glued them together, stuck a magnet on the bottom and created what I thought was the most beautiful lady bug magnet that ever existed.  My mother stuck them on a metal cookie sheet and displayed them in her store, right alongside of her items.  She even submitted them to a consignment craft store a few hours away from our hometown. 

Well…I didn’t make a fortune on my homemade lady bug magnets.  In fact, the consignment store turned them down and just a few sold in our store (I think the ladies who bought them were my grandmother’s friends).  But the lessons I learned were invaluable.  I learned that pride and accomplishment go hand in hand with hard work and persistence.  I learned that even a kid can try out a business adventure.  And, most importantly, I learned that even though some people may not like or appreciate what you have done, you can still learn from it and keep moving forward.  It was the blossoming of an inner strength that I still carry with me today.

I am sure it would have been easier for my Mom to simply put the ladybug on her refrigerator and pat me on the head.  But she encouraged and enabled me to try to take it to the next level.  Thanks, Mama, for letting me make those little lady bugs.