Comments on: Teaching Kids and Teens About Money: Tips from the Dave Ramsey Show

By: How to Participate in The Great Recovery and Bring About the Movement

How to Participate in The Great Recovery and Bring About the Movement — Sat, 08 Oct 2011 17:42:55 +0000

[...] The Great Recovery isn’t just limited to singles, husbands and wives. We have to teach children about money and equip them to one day manage money God’s [...]

By: UK Cheap Insurance

UK Cheap Insurance — Sat, 19 Feb 2011 08:48:18 +0000

Brilliant Article! Thank you for the tips.

I truly beleive that we must teach our kids about money. A child responsible with will become an adult who knows his or her finance and will make financially correct decision, rather than a child who is just spending the money on vedio games and burgers without giving much thought to how much efforts were put by the parents to earn them.

As a parent one always wishes to give the world to the child, the kid should get all the things he ever wants and thats where we make our kids unresponisble towards money.

Give your kids what they need and not what the want. Let them work for their allowance and incase of multiple childrens, judge and pay your kids on the basis of the quality of work they have done and not on who is elder.

Encourge them to save and invest money to create a future, that is free from financial worries.

If we just teach our kids to be responsible towards money, we can be sure that we will be proud parents.

By: Local Search and Find

Local Search and Find — Tue, 08 Feb 2011 02:36:43 +0000

Local Search and Find…

Local Search and Find…

By: Jason Price

Jason Price — Fri, 31 Dec 2010 05:16:57 +0000

Melissa, fantastic story! It sounds like you’re doing a lot of the right things. I’ve found that those little nuggets of wisdom pay off eventually. Keep up the great work and visit again to share how things are going with your daughter’s new budget!

By: Melissa

Melissa — Thu, 30 Dec 2010 14:34:42 +0000

Great article and it will help me a lot with my teen. Im a single mom and its hard to take or make the time to teach such things. I only look back and wish my mother had taught me. But I realize now the fruits of my labor and this is what happened.
My teen is taking a extra class that is called career management. She comes home with her work sheet one afternoon and tells me.. “Guess what mom?.. we learned budgeting in class today” And she shows me the paper. I was just shocked. All these months (since March) I have been going on and on and on about budgeting. She goes and does it in class. Not only that she was the only student out of 15 kids/teens who knew what budgeting was and how to process and move money around, figure up numbers to make her budget work, while the rest of the class their papers all said negatives. The teacher was pleased and surely let me know also.
The fruits of your labor and teachings to your children will reward you. My heart sang!!
I laughed so hard when she even went on to tell the class about Dave Ramsey. Now thats my girl…
Yep one proud momma here. I am truly blessed and happy to know that she will do fine. I will keep teaching and who knows I might learn somethings from her too.
Thank you again for your articles. They are really helpful
Melissa recently posted..Merry Christmas from AllThangsOldbutNew2u

By: Jason

Jason — Tue, 12 Jan 2010 21:57:26 +0000

Artie, Yes, an important part of teaching children about money is how to earn money. I agree that if the work doesn’t get completed, the child should be paid.

By: Artie

Artie — Tue, 12 Jan 2010 20:49:08 +0000

Teach kids to give, save, then spend. teach them to save for purchases and pay cash. Don’t give them an allowance. Put them on commission. work get paid, don’t work don’t get paid (just like the real world). give them chores… some chores they do for free, some they will get paid for. wash/clean the car, clean the garage, take out trash, etc. (this advice comes from both Dave Ramsey and Larry Burkett).

Don’t just give kids money for doing nothing, that teaches them nothing.

By: lucy

lucy — Thu, 03 Dec 2009 22:11:41 +0000

Hey!
I discover a great game to Kids, EKOMINI, It’s an interactive educational game in order to learn about financial literacy.

This web-enabled Piggy Bank is connected to a computer and the Internet.

Through computer games and interactive storytelling, kids learn about earning and saving, spending, sharing and investing their money.

Really it’s a great projet, my kids are so happy with this toy.
To know more, I recomend you to visit ekomini (dot) com http://www.ekomini.com

or ekomini (dot) com/blog or http://www.ekomini.com/blog

…remember that Christmas is coming and you can offer this to your kids!!!

By: Teach Children to Save Money

Teach Children to Save Money — Wed, 11 Nov 2009 04:41:31 +0000

Couldn’t agree more, these are great suggestions. As a single parent that was *less* than good with money throughout my youth, teaching children about money is CRUCIAL, in my mind. I’m not going to blame parents, schools, etc, but quite simply, I clearly “didn’t get it”, and I am still paying for those mistakes a decade later! And quite frankly, I hate the position I got myself in, everytime I pay off my past debts… I could have used my time/money sooooo much better.

A program was suggested to me by a friend, that teaches kids to be responsible with money, and puts them in control of their money. It’s a fun, interactive booklet + personal website that makes tracking their money fun – more importantly, the tugs on the pantleg going through the grocery checkout and the tantrums have all but disappeared! I guess that’s a little self centered of me… but any parent knows those situations all to well. For the record, I too used to do this to my parents, I was apparently horrible to bring into a store… oops!

If anyone is interested, the program is designed by KidsWealth: http://www.kidswealth.com (hope it’s OK to post URL, I put it in my comment description to).

Just my .02c (no pun intended) !!