Comments on: Teaching Money To Kids

By: Arthur Bookman

Arthur Bookman — Thu, 05 Oct 2006 17:11:50 +0000

We just sent our daugther off to her first year of college with her own credit card. We have co-signed on the card but we have made it clear that she is responsible for repayment of the balance every month. The card has a very low credit limit but is adequate enough to help her with any emergency expenses.

Credit education needs to be stressed so much more than it is. Early personal financial responsibility can’t start soon enough

Found an interesting post on the subject of kids and credit cards here as well:

http://www-rohan.sdsu.edu/~jgoodman/student-credit-cards.html

By: Ami Desai

Ami Desai — Sat, 13 May 2006 17:02:53 +0000

Hi, I just wanted to thank Jeff for bringing up this important topic to parents. I also believe that one of most important lessons we can learn in life is how to handle money and it can only come most effectively from parents. I co-founded a company, Early Earners, dedicated to ultimately reversing the negative national savings rate trend. Ask any one of us if we wished we started saving $1 a day at age 5 in a savings account that paid a decent interest rate and we would say yes! Early Earners focuses on families and children because we want to influence a new generation with this idea. Keep talking about it!

By: Alien Owned :: Teaching the Boys About Money :: April :: 2006

Alien Owned :: Teaching the Boys About Money :: April :: 2006 — Mon, 24 Apr 2006 06:11:56 +0000

[...] Thanks to the Carnival of Education, I found Jeffrey Strain’s post about teaching kids about money. He’s got some links there to some games that might be good for Samuel to play once he’s gotten his numbers down. Comments » [...]