We recently connected with Sam Renick, a long-time fan of financial literacy for young people. He wrote these great words of advice to parents for talking to kids about finances, and generously agreed to let us share his tips here. The original post can be found here. Mastery requires repetition, so does the development of great money habits. A …
My parents had a love-hate relationship with the holidays when I was growing up. I couldn’t understand why they would be stressed about that magical time of year. After all, what’s not to love about snow, hot chocolate, and presents? When I became an adult and realized that snow can be dangerous, hot chocolate is fattening, and presents are expensive. …
Economists tend to think of people as rational and unemotional when dealing with money. As a parent, you know how difficult it can be to tell your child “no”. That can be emotional for you and your child, can’t it? Even if you never deny your child’s wants (yeah, right), common sense tells us that we aren’t robots that mechanically …
If you’ve been shopping lately, then you have probably seen the ubiquitous back-to-school ads: a subtle reminder that summer is winding down. Despite stores’ best efforts to help us save money, the costs of school supplies and clothing really add up and can take a toll on your family’s budget. Check out these tips for saving money during this expensive time …
I really enjoyed celebrating a great week in Being Your Own Boss camp last week with a Business Expo and Shark Tank. Nearly 80 campers who had completed 5th and 6th grade worked all week on their existing businesses or new business plans and business pitches. By Friday after a pizza party and fun outside on our program deck, they …
If you’ve ever seen a budget, you know all those categories can be intimidating to some people, especially children. On the other hand, you probably know how important they are to financial health. As a parent, you try to instill positive habits in your child that will lead to successful adulthood, right? Learning to budget money and save for the …
One of the key lessons in the Young AmeriTowne free enterprise curriculum is about philanthropy. We teach our 5th grade students that philanthropy means giving of your “time, talents, and treasure.” The 5th graders have the opportunity to budget their paychecks and then give some of their AmeriTowne “treasure” during their day in Towne. Each citizen can donate AmeriTowne dollars …
Our Concept of the Month for May connects with the Red Cross of Colorado’s “Turn the State Red” campaign. We’re focusing on Philanthropy this month, and we have many ways for you to give back. We’re part of the Red Cross of Colorado’s 100th birthday celebration — and you can be too. We have canisters at each of our …
Have you ever wondered what your 5th or 6th grader might do when they get a job and start paying for all the necessities in life? Look no further than the Money$ense Saturday event we hosted on April 19th. Though the group in attendance was small, the lessons learned were mighty, if not permanent. Luck of the draw The day started …
Each month we explore a different Concept of the Month. In March we’re working on planning and saving. What kinds of things are coming up for which you will need money? School clothes? End-of-summer vacation? College? How are you going to get that money? You need a plan! Try a spending plan like the one below that will help you figure out how much money …
