All posts in Financial Literacy for Kids

Stock Market Basics for Kids

Stock Market Basics for Kids

PickyKidPix is now 13-years-old and has shown interest in the stock market for quite some time. Recently, she asked me if she owned any Disney stock. I had purchased a handful of shares when she was born with the money her grandmother (my mother) had gifted to her. My mother had also set up a custodial stock trading account for each of my kids as well. It was her way of helping them with college tuition.

Disney Stock Price

PickyKidPix tells me that she’s been tracking Disney stock (DIS) and that it’s at an all time high. “Can I sell some?” she asks. I spent last summer transferring the kids’ stock accounts into my brokerage account to put all the accounts under one roof, so to speak. I figured that now is a good time to let my daughter trade. I closed her savings account and moved the money to her brokerage account, and  figured out the user name and password so she would be good to go. Read more…

Teaching Kids About Money TWITTER PARTY

Teaching Kids About Money TWITTER PARTY

What do we need to teach our kids about personal finance NOW when they are still too little to credit card or handle a checking account? And what about do as I say, not as I do? What if WE don’t have great personal finance skills ourselves? Does this mean our kids are doomed to a life of poor financial management?

I remember when I graduated from college and was trying to be responsible. I paid my credit card bill monthly — I didn’t pay it off but I made a payment. But once I stupidly paid my bill a few days late but with a higher amount that normal thinking that it’s better to pay more off and that a day or two late won’t matter. Boy was I wrong!

Teaching Kids About Money

I also applied and received too many credit cards. I didn’t know carrying a multitude of credit cards actually lowers your credit score! Read more…

credit card personal finance for teens and tweens

Credit Card Lessons for Kids Before They Use Them!

Please welcome my guest blogger, Barbara Stapleton, who teaches middle school students about personal finance. Today, she is going to be sharing her lessons on how to teach tweens about credit cards versus debit cards because this is not the kind of personal finance lesson you want your kids to learn the hard way!

p.s. I have another related post: Top 10 Life Skills Kids Need Before College.

Read more…

100 Days of Play, Lemonade Stand entrepreneurs

Lemonade Stand Ideas for Young Entrepreneurs: 100 Days of Play

I’m thrilled to be joining Sun Scholars and 99 other bloggers for 100 Days of Play! Need play ideas? Please join us as we explore ideas for playful learning!

With nice weather finally arriving in New England, I’ve seen numerous lemonade stand ideas pop up in my neighborhood. It’s been fun to support the neighborhood kids and sample their wares. Some have been selling lemonade and brownies. Others have more traditional stands.

One thing that struck me is how much the pricing varies. I thought I would teach entrepreneurial finance for kids today for my 100 Days of Play contribution by looking at pricing your [successful] lemonade stand.

 

Pricing Lemonade for Your Stand Read more…

failure quote

Entrepreneurship 101 for Kids: Failure IS an Option (but that’s OK!)

Discussing Money and Business with Your Kids

“…According to recent studies… Only 32% of the boomers in a new survey from U.S. Trust, for instance, had fully disclosed their financial situation to their kids, and just 44% of parents over 67 had.” CNN

Yesterday, PickyKidPix and I drove to her soccer tournament almost an hour early. I had the time wrong by 15 minutes and I always give myself an extra 15 minutes to get lost but this trip was smooth sailing. Her game, a 5:50 start time, was late and she sat around at home all day in her jammies, restless. So we left early and sat in car and she grilled me on my failed business, a women’s golf clothing line, that I started 20 years ago. Read more…

charities kids can relate to, kids charities, charities for kids

Charities for Kids to Support

Teaching Kids About Charities

Thank you to my reader Ali who asked me to post on charities that kids can support. These non-profits below have touched me. If you have your children working on personal finance with a system to Spend, Save and Donate, perhaps some of these organizations will be lucky recipients. Read more…

DayAtDollarGeneral

How To Teach Kids About Money Management

Financial Literacy Training for Kids

I met the National Center for Family Literacy at BlogHer and enthusiastically support their agenda of teaching kids personal finance skills. If kid don’t learn how to Save/Spend/Donate as a child, I suspect that they will have to learn the hard way about managing money like I did, with credit card debt racked up after college. Read more…

ibotta, coupon app

Next Big Thing: iBotta to Donate or Save

Donate to Your School or Just Save Money Shopping

I met Anthony at BlogHer12. I noticed him because he was the sole Asian American male there so I introduced myself at the breakfast buffet thinking he was an Asian American daddy blogger. In fact, he was there for iBotta and he convinced me as we sat at breakfast that it’s the Next Big Thing. Read more…

Progressive Snapshot, Progressive insurance, car insurance comparison

Car Insurance Comparison and Failing My Progressive SnapShot Test Drive

Car Insurance Comparison Not Working For Me

I got my first moving violation today and wouldn’t you know it?!! I had the Progressive device in my car tracking my driving! Read more…