written by: Coach Funk, CFP® at www.SavingsCoach.com
Hanging out with my 10 and 12 year old nephews last weekend, I heard excitement in their voices when they looked up from their iPod apps and told me about cooking dinner for the family last week. They told me the great lesson they learned here is that they get to keep the PROFIT.
All Motivating Articles
Kids Learn Business Skills by Preparing a Dinner Menu
Posted on January 26th, 2012 by JeffPay Cash, Eat Healthy
Posted on December 6th, 2011 by JeffWant your kids to make healthier food choices when they are out? Have them pay cash.
This is a somewhat surprising finding in a study by the USDA. In the study, college students that paid with cash made healthier food choices than those paying with an unrestricted debit card. And not only did they make healthier choices…
Top 10 Money Tips for Parents
Posted on May 19th, 2011 by Jeff“But why do I have to wait two weeks?” said my 12 year old son. “O, come on, please! I really want it and I won’t want anything else for a long time!” This was almost a weekly ritual in my house as my son would look through the Sunday ads for good “deals.” We had tried many things, including a mandatory two week waiting period, but nothing seemed to really help.
Motivation Through Appreciation
Posted on May 10th, 2011 by JeffPrinciple #3 in FamilyMint Fundamentals is Motivate. Motivate and encourage to build new skills. Build skills to create confidence. Soon you’ll have confident, money smart kids!
Motivating Your Kids by Finding Their Passion
Posted on April 12th, 2011 by BobFind Your Passion. It’s said so often it sounds a bit cliché. But no matter how you slice it, it’s still true. Through passion you get motivation, and motivation leads to positive action and, well, that’s a great combination for success.
A Scary Thought – And How I Fixed It
Posted on March 15th, 2011 by JeffThe biggest money lesson I am passing along to my kids is how I act on a daily basis.
This thought used to strike a bit of terror in me, especially when I saw how some of my kids’ money habits were turning out.
Kids Need to Know about the Wonder of Compound Interest
Posted on March 9th, 2011 by BobIf you can explain and illustrate the power of compound interest to your kids, you are endowing them with the real vision of why saving money is cool; that when they put money away and leave it to its own mischief, it grows!
Teaching Kids to be Money Smart
Posted on November 6th, 2010 by BobCreating money-smart kids doesn’t happen overnight. It’s a skill and a behavior that has to be nurtured over time. The skill lies in learning the value of saving, giving, and spending conscientiously and understanding the difference between wants and needs. The behavior comes from the habits formed in doing these things over time and learning from mistakes.