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 Teaching 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.
Knowing How to Write a Check Is… Still Important!
Posted on November 22nd, 2011 by JeffToday’s kids will be tomorrow’s adults and we keep on hearing that so many young adults don’t have a clue how to write a check. We’re here to help!
For the next goal your child achieves in FamilyMint, rather than whipping out the debit or credit card at the store, take your checkbook with you and make it a learning opportunity.
Letting Kids Participate in Family Money
Posted on October 27th, 2011 by JeffWe had a mom write in with some ideas that she uses with her own kids at home. We thought they were great, so we wanted to share them with you.
“Deficit” vs. “Debt”
Posted on October 27th, 2011 by BobWith the national debt currently at $14.9 trillion, we hear a lot of talk about reducing our national deficit. My teen posed a question while watching a recent debate as to what the difference was between debt and deficit. Here’s a very simple explanation.
Re-imagining the 3 Little Pigs
Posted on September 28th, 2011 by BobThe third little pig listened to his mother’s wise words and said “I don’t plan to live like the birds. No straw nor sticks will do for me; I plan to build my house solidly.” With his goal clearly defined and a budget in mind, the third little pig developed a plan and a timeline. “With a little hard work and some shopping around, I’ll have my brick house to keep me safe and sound,” said the third little pig.
What Teens Really Know About Money
Posted on September 22nd, 2011 by BobWhen it comes to being savvy about money, the line between what teens think and reality is as wide as the Grand Canyon. Most teens surveyed believe they are financially savvy. But when asked about specifics such as establishing good credit, balancing a check book or what a credit score is, the majority of teens were in the dark.
To Negotiate Life Successfully is All about Negotiation
Posted on September 7th, 2011 by BobEvery day in life we are presented with opportunities for negotiation, and doing it successfully and where everyone walks away satisfied is an art worth learning at a very early age.
Back to School Time is Really Time to Move Forward
Posted on August 25th, 2011 by BobI know other moms who’ve experienced this mom-switch syndrome, but whether you can relate or not, there’s no denying that back-to-school time is about making transitions. Schedules, extracurricular activities, homework, new teachers, new friends, carpools, books, supplies, clothes…it’s time to pull up our socks and get moving again!
Story of Goldilocks and the 3 Imitation Bear Skin Rugs
Posted on August 18th, 2011 by BobFollow the story of Goldilocks in her search for an imitation bear skin rug and how she decides which one is just right for her and that buying something because it’s cheap will often make you weep, and to purchase to impress never works out for the best.