Involve the kids in small household financial decisions. Because the best way to gain money smarts, is to practice. 10 mins
Suggested Side Dish
Let your kids spend the weekly fruit budget. 10 mins
All time favorite quote:
“...the best way to teach your kids about taxes is by eating 30% of their ice cream....”
Actor Bill Murray
Kids enjoying or complaining about all the MacGyvering going on right now?
Introduce them to the man and TV series behind the modern description of the adage “necessity is the mother of invention”.
Make a delicious one bowl chocolate cake
The New York Times’ Melissa Clark knows how to do this even if you do NOT have eggs or butter!
Read JJ McCorvey’s recent WSJ Article.
Learn why at some point it is important for kids to understand what parents are doing "beneath the surface of the water" to keep the family’s financial boat afloat.
Even TicketMaster offers parents guidelines
on how to send Tweens and Teens to a concert alone. You can also always have your kids calculate the DIMS (Does It Make Sense?) Score for an outing at giftingsense.org
Check out A-Rod’s eye-opening CNBC Mini-Series:
“Back in the Game” where he helps rehabilitate former celebrities and professional athletes who made millions – but lost it all - thanks to poor financial defense.
Here is a Huffington Post Article on Minimum Wage:
Compare the current minimum wage across the Canadian Provinces and the United States.
Get to know nationally recognized Radio Hosts Clark Howard and Dave Ramsey.
Consider signing up for their newsletters and alerts.
Another Great Book to Listen to for Nothing During Audibles 30-Day Free Trial:
Have an hour a day to listen to books – perhaps while cooking or cleaning or exercising? Add “The Millionaire Next Door – The Surprising Secrets of America’s Rich” to your trial period. It also requires just over 8 hours of listening – but can help you describe to your family why looking rich is NOT the same thing as being rich – a fact that escapes many children living in today’s world of highly curated online profiles.
Best Book to Listen to for Nothing During Audibles 30-Day Free Trial:
Beth Kobliner’s “Make Your Kid a Money Genius” takes 8 hours and 7 minutes to listen to, commit to listening for 30 minutes a day and feel confident talking to your kids about money long before the end of May.
Get to know Rob Carrick, Canada’s answer to Mr. Howard and Mr. Ramsey.
Consider signing up for his newsletter.
This is the Best Book Splurge for High School Graduates:
The Missing Link – From College to Career and Beyond. Introduce your young adults to Fred Selinger, who teaches Personal Financial Management at U Cal Berkely. In 27 chapters Fred lays out the best steps to take early in life to avoid financial pitfalls.