Archive | Teaching Kids

The Lawn Mowing Millionaire

If your child plans to work a summer job, encourage him or her to open a Roth IRA.  According to a Mainstreet.com article, money you pay your child for chores won’t qualify, but money the child earns mowing other people’s lawns, babysitting, working a paper route, and many other jobs probably will. A Roth IRA […]

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Teaching Kids to Feed the Pig

Looking for ways to teach your kids about money?  Consumer Reports recently highlighted “Feed the Pig for Tweens,” a financial literacy program for 4th through 6th graders.  The free program teaches kids how to save, spend smart, and distinguish between needs and wants.  Teachers can use the materials in their classes or parents can use […]

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A Mom’s Final Advice on Money

Anyone who has lost someone they love will tell you that holidays bring back some of their strongest memories of those people.  That’s certainly true for me.  So, with Mother’s Day this weekend, I’ve been thinking about my mom who passed away in December of 2003.  This year brought back a memory of a conversation […]

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Kids Who Do Chores Do Better With Money

Parents of adult children who regularly did household chores while growing up are more likely to describe their kids as “very financially responsible” than parents whose kids did fewer or no chores.  That’s one of the findings from a new Charles Schwab & Company survey.  Parents whose kids did no household chores also described themselves […]

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Should You Pay Kids to Go Green?

A new web site, Green Allowance, encourages parents to use allowances to motivate their kids to develop environmentally friendly habits. The site fosters a deal between parents and their kids: the kids take on various energy saving projects, the parents split some of the estimated savings with their kids. Green Allowance sends report cards, showing […]

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Kids’ Media Use Growing Fast

Today’s’ young people ages 8 to 18 spend over 7 and a half hours a day using entertainment media such as televisions, computers, cell phones, and MP3 players.  As reported by the Kaiser Family Foundation, daily media usage among young people has grown by over an hour in the past five years.  Broken down into […]

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Kids Feeling Stress of Recession

The recession has impacted all of us, including children.  As reported on FiLife.com, a new survey from the American Psychological Association (APA) found that 30 percent of young people ages 8 to 17 are worried about their family’s finances – their second-highest source of stress after managing school pressure.  The survey also found a gap […]

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Teaching Kids About Money

Most kids have piggy banks – 85 percent of children ages 8-14, according to a new survey from T. Rowe Price. However, in many cases whatever money is going into those piggy banks is coming out just as quickly. More than 40 percent of parents who give their kids an allowance say it’s all gone […]

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