Money Sense for Kids

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Money is something that isn't usually openly discussed in families. However, talking about money can help your child develop important life skills around money management and a postive attitude towards personal finance.

We all want the best for our kids. So help make money visible and a source of  joy in your family. Learn some strategies about teaching your kid about money management.

 


What is Financial Literacy? 

Financial literacy is the ability to understand money and how to manage it, so that you can make financial decisions that will benefit you now and in the future.

A financially literate person has the ability to:
* save money for short- and long-term goals
* use credit responsibly
* manage financial risks

On-Line Money Games for Kids 

US Mint Games for Kids
The site includes fun info. about coins and educational games for kids.
Moneyopolis
Help the alien Xerbie learn about money management so that he can get home.
Pennywise Video
Click on the "Pennywise" video, under "tools", to watch a great video about money and the history of money.

Parent Resources 

Personal Finance for Dummies, Fourth Edition

A nice resource for getting you started in making great financial decisions. My brother read this in high school along with "Investing for Dummies." Now he's an Econ. professor!

Amazon Price: (as of 11/25/2009) Buy Now

Money Matters Workbook for Teens (ages 15-18)

Hekp your kid set financial goals and follow through with this handy workbook.

Amazon Price: $10.19 (as of 11/25/2009) Buy Now

The Great Little Book of Afformations (All-New, Expanded Edition)

Learn how to change you and your family's relationship to money and life. This transformational book that has techniques that are so simple even a child can use them.

Amazon Price: (as of 11/25/2009) Buy Now

Busting Loose From the Money Game: Mind-Blowing Strategies for Changing the Rules of a Game You Can't Win

It's one thing to learn about investing and savings. It's another thing to completely break loose from the Money Game. This book is a bit of a mind-blower. Very powerful information!

Amazon Price: $17.79 (as of 11/25/2009) Buy Now

Rule of Three 

Building a Conscious Wardrobe

Kids outgrow clothes quickly, but here is a lifelong habit that you can instill that they'll never outgrow - and it has a positive impact on the environment! It's the Rule of Three.

Only buy an item of clothing if it matches THREE things in your wardrobe.

How it works?
1. Before you go clothes shopping, look in your closet. What do you like? These are the items to build your wardrobe around.
2. Identify things that you need to add to your wardrobe. For example, you need 1-2 nice shirts for dressier occasions and your running low on socks.
3. Go to the store. Sometimes it helps to have a list of what you have/need.
4. Only buy an item of clothing if you can identify THREE things that you currently own that would match. When you do this, you build a wardrobe quickly and inexpensively.

Even if you have lots of money to spend, this strategy leaves a lighter footprint on the planet. A great gift to the planet and you because you still get lots of outfits!

Another helpful hint: Buy classic clothes. For kids this means jeans and T-shirts. Help your kid identify what is trendy and classic. Have them identify the value of buying classic clothes.

If you or your kid want to update your look, you can do this in a way that has no impact on the environment or your budget - update your hairstyle!

Financially Fit Kids 

Raising Financially Fit Kids

Amazon Price: $13.57 (as of 11/25/2009) Buy Now

Money Matters for Kids (Burkett, Larry. Money Matters for Kids.)

Amazon Price: $9.34 (as of 11/25/2009) Buy Now

Teacher Resources 

The Stock Market Game
You can register your class to invest $100,000 in a real-time stock market game for free. The game lasts over an 18-week period and includes several instructional lessons to support financial education.
Information Age Education Blog
My teacher blog will help you integrate technology into your teaching and navigate the Information Age gracefully. The digital era is about connectedness and knowledge, both technological and personal. This blog gives practical strategies to create an even more engaging classroom, including how to use of the Law of Attraction.

Parenting Millennials, Tips on How to Support Your Child 

Parenting Millennials, the Net Generation
Did you know that your child is a Millennial Gen kid?

Learn about this spectacular generation and ways to best support your kid.
My Home Page
I also have a number of math resources for students and additional resources for parents.

Please share them and this site with people who will find them valuable.

Reader Feedback 

If you know of any great financial literacy sites, please let me know. I'd love to be able to share them.

Also, any feedback on this site is welcome.

Richest blessings,
Rebecca Newburn

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  • Reply
    totalhealth totalhealth Jun 30, 2009 @ 12:52 pm
    the value of money and budgeting must be taught to kids at young age for them to develop a sense of responsibility towards money . It will be a great help for them in the future
  • Reply
    sharetipsinfo sharetipsinfo Jun 2, 2009 @ 12:55 am
    Hi,
    During elections time stock market act very weird. One has to be very careful while doing trading and investments in Indian stock market .

    If you have any doubt please feel free to contact us.

    Regards
    Regards
    SHARETIPSINFO TEAM
  • Reply
    KnowYourProfit KnowYourProfit Mar 2, 2009 @ 2:29 am
    This blog is nice and informative,its our pleasure to post a comment on this blog created by the webmaster

    Now as such we had seen in the month of Feb'09 that volitality was very much there considering the various factors deciding the movement of the Indian Stock Market

    Now in the coming Month of March'09 which is also the year's closing period,also the important Policies would might be declared around the world will be deciding the movement of Indian Stock Market

    Happy Trading a Head

    Queries are welcomed

    09871142419
    09212663485

    Knowyourprofit@gmail.com

    KnowYourProfit
  • Reply
    sharetipsinfo sharetipsinfo Feb 28, 2009 @ 12:57 am
    In the time of recession one job or one work is hardly fulfilling needs of people. So everyone is looking for supplementary source of income.
    Now the question is what can be that source of income in such a bad phase of economy??

    Well it's very difficult to start new business at this point of time as it requires lot of cash and efforts. So again question is how to make more money in such conditions when needs are same and income is low?

    We strongly suggest that if you like to take bit of risk and don't want to spend too much money and time on new venture then stock market is the right place for you.
    To be very frank this is not the right time for investment that is for long term to medium term investment but every day is a favourable day for day trading. No matter if NSE or BSE
    is bullish or bearish as In stock market one can earn in both of these trends.

    So just think about it and see if stock market can be the right place to
  • Reply
    KnowYourProfit KnowYourProfit Jan 17, 2009 @ 4:18 am
    This blog is nice and informative,good to know that the blog created by the webmaster is very helpfull to the visitors

    RBI has cut Repo rate by 100 BPS to 6.5%, due to this we can see some rebound in the Indian Stock Market,as this is one of the factors which will also decide the movement of Nifty in coming days along with different other factors,our advice for intraday traders is to trade light

    Any Query

    Call us

    91-9871142419
    91-9212663485

    Mail at :-
    knowyourprofit@gmail.com
    knowyourprofit@yahoo.com

    KnowYourProfit
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by Rebecca_Newburn

Ms. Rebecca Newburn has been a math and science educator for 16 years. She is interested in supporting Millennials, the New Generation, by creating re...

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