Comments on: 3 Money Lessons Your Kids Should Know

By: Karen

Karen — Fri, 11 Dec 2009 03:03:35 +0000

Sometimes we focus all of our time on teaching academics. Teaching our kids about money is important too!

By: Audrey

Audrey — Tue, 01 Dec 2009 02:37:29 +0000

With each gift of money, my children divide it four ways: God (tithes and offerings), Missions, Bank, and Spending. Of course, they always want most of their money in the spending bag. My 17 year old son keeps registers for each division and keeps up with his deposits and withdrawals to the bag.

By: Ann

Ann — Mon, 30 Nov 2009 16:43:24 +0000

We’ve been working on this too. Our boys that have any concept of money are ages 4 and 7, but still we need to be better about getting ideas across to them in ways that are age-appropriate.

College freshman are SO ill prepared when entering “real” life. I really hope my kids can have a good understanding of it.

By: Jill

Jill — Sat, 21 Nov 2009 18:38:08 +0000

How lucky for me to have tripped upon your post. My thirteen year old son was just bugging me the other day about wanting to invest in the stock market. I’ll send him to Investopedia for starters. Thanks.

By: Deb

Deb — Thu, 19 Nov 2009 01:43:13 +0000

I agree that teaching kids about money is as important as anything else we could teach them. Thanks for the input!

By: Teach Children to Save Money

Teach Children to Save Money — Fri, 13 Nov 2009 22:58:43 +0000

Investopedia is a favorite of ours too, fantastic site to learn about stocks, portfolios, money, etc – even for us!! 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!