Helping Kids Get Smart About Money

Can Poor Kids Comprehend Investing?

February 24th, 2014 | 4 Comments »

That is a classic question I get all of the time. Most recently, it came from a teacher at Libby Elementary in Chicago, Illinois. She teaches our Money Savvy Kids curriculum to the low-income elementary students in her class.  Here is her question:

“This is the third year I have taught the program and always struggle w/explaining the purpose of investing to children whose parents are on welfare.  Often the role of short-term vs. long-term goals is hard for them to comprehend, so investing is incomprehensible. Has this ever been addressed?

I answered her–as I answer everyone who asks this question–with my life story. It’s why I do the work I do today.

Here’s what I told her: Read the rest of this entry »

Great Money Savvy Pig Review – Fantastic Comments, Too!

February 18th, 2014 | Add a Comment »

Mail4RoseyBlog-2014-SonHoldingBank_StickerSheetLove this review of the Money Savvy Pig bank on the Mail4Rosey blog…AND loved reading the overwhelming response in comments and tweets too!   Here are just a few comments from her post that were just too good that I had to share them:

“Wow! It holds $300 worth of coins? That is amazing. I love that it has the different sections for the different ways you should divvy the money. I agree with you that they aren’t too young to learn how to spend, save, invest and donate. If you start early it will be a habit early!” – K Miller

What a great little saving tool. Obviously as a financial professional I love anything that gets kids into the habit of saving at a young age! :) ” – Lanaya Read the rest of this entry »

Thank you notes: Handwritten vs. email

January 31st, 2014 | 1 Comment »

It’s almost the end of the month and the holiday is over – almost.  In our house it is not really over until thank you notes, and in today’s world email thank you notes, are sent.  A thank you note teaches your child to stop, think and reflect on the individual gifts they were given and what it meant to them to receive that gift.  It also helps them begin to understand the value of that gift in a more concrete way.

Telling the giver how much they appreciate that gift and why in a thank you note will help your child focus on each individual gift – a worthy task in a season where gifts can come in abundance and dull a child’s senses and appreciation for what they have been given.

Read the rest of this entry »

Money Savvy Kids@Home Kit Gets “Thumbs Up” from Homeschool Reviewer Cathy Duffy

December 18th, 2013 | 1 Comment »

Just had to share this amazing, comprehensive review of our Money Savvy Kids @ Home Kit by respected homeschool reviewer, Cathy Duffy.  Thank you, Cathy for testing the home curriculum and sharing with others!

Cathy Duffy Reviews:  Money Savvy Kids @ Home





Grandparents: Give the Gift of Financial Awareness – NY Times!

December 12th, 2013 | 3 Comments »

This time of year can be hectic for many families – parents especially – and trying to teach financial responsibility as well can seem like a daunting task.  But there is another trusted resource that is usually ready and willing to help if they are asked – their grandparents.

Last week I shared my thoughts on this topic with Paul Sullivan from the New York Times. The following is the article that resulted from that conversation:

“For Grandchildren, the Gift of Financial Awareness” | New York Times











SavingSpree Makes NerdWallet List for Great Money Apps for Kids

October 2nd, 2013 | 2 Comments »

I found this list on the NerdWallet blog and was thrilled to see our SavingsSpree App as one of their “7 Great Money Apps for Kids”!  I agree with James K. that “money apps can be an excellent teaching tool once kids know how cash works. Much like the budgeting apps available for adults, kids’ money apps make saving more fun and easier to track.”

Thanks, James!

7 Great Money Apps for Kids” – NerdWallet


Tips for College Kids on How to Manage Money

September 20th, 2013 | 1 Comment »

I was asked to share some tips on helping families teach their college students about how to manage money when they are away from home.  Here’s the result:

Teaching Your College Kids About Money –

College students: Read the fine print!

September 6th, 2013 | Add a Comment »

An ABC News investigation reveals that ”free” checking accounts endorsed by some universities may have a catch.  The average college student overdraws his/her account several times per year, and the bank and the university are just waiting for that to happen.  Overdraft charges can be close to $40 every time students make a simple mistake, and the university is likely sharing in the revenue.  This report reveals that TCF Bank pays the University of Minnesota $1 million per year, plus a bounty of $34 per student if the University will endorse students banking there. Here’s the report:

MSN Money: Back-To-School Math for Parents: What’s an ‘A’ worth?

August 27th, 2013 | Add a Comment »

I spoke with writer Lou Carlozo about the power of using “no” as a strategy when teaching your kids about money.  Here’s the article that resulted:

“Back-to-School Math for Parents: What’s an ‘A’ worth?” – MSN Money

How to Launch Kids Toward Financial Security |Q&A with Susan Beacham in MONEY Mag

August 21st, 2013 | Add a Comment »

This month I shared my thoughts on how to launch kids toward financial security in MONEY Magazine.  Here are those tips:

Money Magazine- Susan Beacham Q&A: Launching Kids Toward Financial Security_2013_09