Helping Kids Get Smart About Money

College Students Can Start Building A Good Credit Score and History

June 18th, 2015 | Add a Comment »

USA Today included a good article in today’s paper that offers a strategy for how college students can start building a good credit history and score.  I thought this was pretty good advice, so I thought I’d pass it along to you as well.  College is an excellent time for young adults to use credit carefully and wisely and in a manner that will serve them well after they graduate.  Here’s the article:

http://www.usatoday.com/story/money/personalfinance/2015/06/15/credit-cards-college/28742151/

Five Money Moves Every Couple Should Make

June 17th, 2015 | Add a Comment »

The May 2015 issue of Money Magazine has an excellent article with money advice for couples.  In the June 2015 issue a pastor who counsels married couples writes in a letter to the editor that this article is something every young couple about to marry should read.  I agree; this article provides solid advice for all couples, about to be married, newly married or veteran couples. And couples who practice these money skills will be in the best shape to help guide their kids when it comes to money.  Enjoy:

http://time.com/money/page/five-money-moves-every-couple-should-make/

Teens Taking Money for Granted? Tips to Help (video)

May 20th, 2015 | Add a Comment »

As parents, we often try to provide all we can so our children – especially teens – have all they need to succeed.  But sometimes in the process, we create a situation we did not anticipate – teens taking our money for granted.  A few years ago, I offered some tips to a family struggling with this specific challenge on the Dr. Phil show.  So if you are struggling to find ways to help your teen to not take your money for granted, try these tips to help you and your family:

Money Savvy 3rd Graders at Ray Elementary – Chicago

May 15th, 2015 | Add a Comment »

I am usually not good about talking about the work we do – we just keep our head down and do the work. But, this week’s visit to a Chicago Public School was pretty special.

TreasFrerichs-JFederle-MLibert(CountryFin) withRayElemStudents-MsCollins-2015-05-13-crop(sml)

The kids in this picture are third graders from Ray Elementary. Ms. Linda Sue Collins is the teacher-librarian (back right in photo) that teaches the kids the Money Savvy Kids curriculum as part of the 2015 Financial Education Initiative in CPS. The really tall guy in the middle is Illinois State Treasurer Michael Frerichs Read the rest of this entry »

How to Help Kids Save and Begin Banking – Reuters

April 2nd, 2015 | Add a Comment »

Happy Financial Literacy Month!  To kick off this high, holy month of financial literacy, I shared some tips with Beth Pinsker at Reuters on how to help kids learn how to save.  Here’s the result of that interview.  Thanks, Beth, for including me in this conversation with your readers!

Article: “YOUR MONEY – How to Bank Your Child’s Money” – Beth Pinsker, Reuters

Join Money Savvy’s Super Bowl Giveaway by 2/1 and Win!

January 29th, 2015 | Add a Comment »

Football Giveaway Image for FB-Emails-Less TextWith all the conversation about “deflation” leading up to the Super Bowl this year, we thought we’d have a little fun and offer a positive twist.  To help your kids “re-inflate” their savings, we launched our Super Bowl Giveaway for your chance to win a Money Savvy Football Bank.  We are drawing names DAILY – so you have a great chance to win too!  But, the giveaway ends February 1st at Midnight, so enter now at: www.msgen.com.

Good luck!

Grandparents Teaching Grands About Money

January 28th, 2015 | Add a Comment »

Grandparents I hear from are deeply invested in shaping money smart grandchildren, as many feel they fell short with their own kids.

Often, when I am working with parents on this topic, parents ask me how to involve their parents in the financial education of their kids. They, the parents, want to “manage” nana and papa’s input in a good way – ;-)

I know firsthand the power of a grandparent as I grew up with my grandmother in our home and everything she said – even if identical to my mom and dad – was brilliant. Everything mom and dad said, well, it was suspect!

To help grandparents leverage this role they play in their grandchild’s life, here are a few ideas from grandparents who have written to me Read the rest of this entry »

USA Today Gives O.M.G. Book Thumbs Up !

January 2nd, 2015 | Add a Comment »

USA Today Logo - blue dotTime flew by so quickly last month that I nearly missed sharing some great news!  In mid-December our new book, O.M.G. Official Money Guide for Teenagers, received a great endorsement from Jayne O’Donnell with USA Today.  Here’s the article:

Putting money lessons for teens under the tree” – USA Today, Jayne O’Donnell

I haven’t heard yet what her daughter’s reaction was when she opened the book gift, but hope it will help when managing expectations and setting goals in 2015!

O.M.G. Featured in Money Magazine & The Washington Post!

December 18th, 2014 | Add a Comment »

You can tell it’s the holiday season with the increased activity all around.  This time of year brings the holiday lists too with a plethora of ideas for parents of what to give their kids this season – gifts we all hope will last long into the New Year.  Our O.M.G. Official Money Guide book made a couple of those lists this season in Money Magazine and The Washington Post.  Here’s what they had to say:

OMG_FrontCover_with-pgs-fanned-2014-FINAL(sml)money-Mag_logo“The big challenge of our day, as it relates to the financial security of young people, is getting them thinking about their financial future now while they have 40 or 50 years to let their savings compound. Young people need to protect their identity and their credit score—two relatively recent considerations. Many of them are also committed to making a difference through giving, which is an uplifting trait of younger generations. Yet they are prone to scams and don’t know how to vet a charity.  In OMG: The Official Money Guide for Teenagers, authors Susan and Michael Beacham tackle these and other basics in a breezy, colorful, cleverly illustrated booklet meant to hold a teen’s attention.”  –  Trouble Talking with Your Kids? Try This Book – Money Magazine/TIME by Dan Kadlec. Read the rest of this entry »

Holiday Gifts That Last A Lifetime

November 21st, 2014 | Add a Comment »

Christmas GiftEach November, I sit down to write about gift-giving.  I try to allay your fears that you cannot afford to spend enough to make your loved ones feel really loved.  Or worse, that you will spend so much trying to fulfill their every wish that you will far exceed the amount your budget can bear.  So this year, rather than telling you that there is more to the holidays than being a smart shopper, I’d like to show you.

Over the years, I have received many holiday gifts from my family. But each one has given me one special gift that stands out.  Allison, my oldest, gave me five letters one year.  The envelopes read: “Open when you need…Some Lovin’, Some Happy, Some Inspiration, Some Wisdom.”  The letters within take my breath away each and every time I read them.

My youngest recently gave me a deck of cards hole-punched and kept together with two metal rings.  The cover card reads: “52 Reasons Why I Love You!”  I could barely get through the deck. Read the rest of this entry »