Christmas and birthdays are often a time when kids get a windfall of cash and gift cards. Should you let them run right out and spend it all? Whoa. Not so fast. An incredible teaching opportunity for your kids has just presented itself. Check out Bob’s interview with Murray Feldman on Fox 2 Detroit about teaching your kids how to handle the gift of money.
All Giving Articles
Turning Gifts Into Financial Literacy
Posted on December 26th, 2011 by BobTurn An Old Smart Phone into a Free Gaming Device for Kids
Posted on December 21st, 2011 by JeffI’m giving my 6 year old a cell phone for Christmas. Whoa! Hold on. Let me explain. My daughter is really 6, and it’s a real cell phone, but it’s not going to have any cell phone service. I’m “repurposing” a gently used Android cell phone to provide a FREE and pretty darn sweet handheld gaming device for her for Christmas.
Giving Back, Putting Money into Perspective
Posted on May 6th, 2011 by BobGiving back teaches your child the skills of being able to do more with less. This lesson will roll over into many aspects of their lives, including a true understanding of financial needs and wants. The better they understand this difference, the more likely they will make smart financial decisions as they get older.
Self Control is the Real Lesson of Budgeting
Posted on February 23rd, 2011 by BobAs parents, we have a responsibility to build our children into adults who don’t just cope, but thrive. A lot of it boils down to teaching them self control in making good daily decisions, including how they manage themselves – and how they manage money.
Grow Citizens of the World
Posted on February 15th, 2011 by BobA lot goes with that responsibility, but one key component is nurturing a charitable heart in your children. In all the reading I’ve done about teaching kids charity, most of the experts believe that this is one area that must be “learned,” so charity, it seems, does actually begin at home, as the saying goes.
The Benefits of Giving Back
Posted on May 24th, 2010 by BobThrough the act of giving, children start to build an understanding of needs outside of their own. They begin to learn about sacrifice and thinking of others before themselves.