Helping Kids Get Smart About Money

How to Talk About Money with Kids and Teens (video)

January 29th, 2016 | Add a Comment »

Happy New Year!  Now that the holidays are over, it’s time to start the year on the right path – including talking with your kids or teens about money.  In December I had the opportunity to share some ideas with Bruce Sellery of CBC’s The Exchange about how and when to start talking with kids about money – and how to use the Money Savvy Pig bank and Family Activity Book to help them stay on track.  There’s also ideas to help teens – and what to do if they have an “awkward money moment” like those mentioned in our “O.M.G. Official Money Guide for Teens” book.  These tips can be put into action anytime of year.  So let me know how they work for you – and your kids.  Enjoy!

Tips for A More Relaxed Holiday – Tip #10: Give Time

December 23rd, 2015 | Add a Comment »

Mom reading with Girls-HolidayHere’s my final tip to enjoy a more relaxing and memorable gift-giving season this year.

Tip #10 – Give time.  How much time will you spend with your loved ones this holiday?  Research confirms that when asked, kids’ most prized and longed for gift was TIME with parents.  So, make time to read a book together, watch a movie, bake, prepare a meal, call grandma and grandpa together.  Anything – just together. It’s an investment that will pay off long after the holidays are over.

I wish you and your family a very happy, memorable and enjoyable holiday season together!

 

Here are links to the previous tips for a more relaxed holiday:

Tip#1 – Make a listTip #2 – Set a budgetTip #3 – Prioritize your listTip #4 – Be generousTip #5 – Follow the 4 gift rule for kidsTip #6 – Free is good!Tip #7 – Plan a family movie night,  Tip #8 – Write a LetterTip #9 – Stop Shopping

Tips for A More Relaxed Holiday – Tip #9: Stop Shopping

December 22nd, 2015 | Add a Comment »

The holidays are nearly here and the closer they get, the higher the stress.  So here is my tip #9 of 10 to help you experience a more relaxing and memorable holiday this year:

Tip #9: Stop shopping.  Last minute “add-ons” will wreck your budget.  No matter how deep the discount – just take a breath and stop.  You have enough.

Now is the time to be grateful. I_am_Grateful-gratitudeList Image “Gratitude” promotes health and wealth. Research confirms simply stating what you are grateful for gratitude lifted people’s moods and senses of well-being – http://www.ncbi.nlm.nih.gov/pubmed/24451155.   So what do you have to lose?  This holiday, start a list of things you are grateful for.  Try writing down a few and then ask your family to do the same.  Then share.

Good things will happen – I promise!

Tip#1 – Make a listTip #2 – Set a budgetTip #3 – Prioritize your listTip #4 – Be generousTip #5 – Follow the 4 gift rule for kidsTip #6 – Free is good!Tip #7 – Plan a family movie night,  Tip #8 – Write a Letter

Tips for A More Relaxed Holiday – Tip#8: Write a Letter

December 16th, 2015 | Add a Comment »

Here’s the next installment of my tips to help make this a more relaxed – and memorable – holiday gift-giving season.  This one truly will leave a lasting memory for those receiving this gift!

Gift-giving tip #8: Write a letter.  A “priceless” gift of experience…actually hand write a letter that passes on a money lesson. A story, advice, something that can be kept, read again and again and learned from. With so much communication being done virtually today, this old standby of an actual written letter will get noticed, and read – and that’s half the battle when trying to teach kids and young adults about money.

If you missed them, here are links to the previous tips for a more relaxed holiday:

Tip#1 – Make a list

Tip #2 – Set a budget

Tip #3 – Prioritize your list

Tip #4 – Be generous

Tip #5 – Follow the 4 gift rule for kids

Tip #6 – Free is good!

Tip #7 – Plan a family movie night

 

Tips for A More Relaxed Holiday – Tip#7: Plan a Money Movie Night

December 15th, 2015 | Add a Comment »

ItsAWonderfulLife-Video CoverFor a more relaxed gift-giving season, try tip #7 as a family:  Plan a money movie night!

Rather than heading to the mall one night, try watching one of these movies before spending another penny.  These are two of my favorites that offer another perspective about what it means to give this holiday and the importance of getting out – and staying out – of debt.

It’s a Wonderful Life - A money movie that teaches us all a thing or two about the true meaning of life and the hold money can have on us.shopaholic-logo-33

Confessions of a Shopaholic  – Where the main character with 12 credit cards – all maxed out to the limits – learns how to get out of debt and that credit should be used only to buy things of lasting value; For everything else, pay cash.

If you missed them, here are links to the previous tips for a more relaxed holiday:

Tip#1 – Make a list

Tip #2 – Set a budget

Tip #3 – Prioritize your list

Tip #4 – Be generous

Tip #5 – Follow the 4 gift rule for kids

Tip #6 – Free is good!

Interview with CBC TV (Canada) – Money Tools for Kids and Teens

December 11th, 2015 | Add a Comment »

Thanks to Bruce Sellery of The Exchange on CBC (Canada TV) for some time to talk about tips to help kids learn the value of money.  Had a great time and I wish Bruce all the best as he gives the Money Savvy Pig to his own five-year-old daughter – just remember to give the bank and a handful of money to her and let her choose where the money goes for each choice.  Then you can see if a further discussion some of the money choices is needed.

To see my interview with Bruce, start the video below at the 28:50 time marker.

Tips for A More Relaxed Holiday – Tip#6: Free is Good

December 11th, 2015 | Add a Comment »

Hoping to make this holiday gift-giving season a little more relaxing and enjoyable this year?  Here’s tip #6 of ten to help you and your family this gift-giving season:

Tip #6: Free is good!  Check out Toy Insiders’ Twitter Page today for a chance to win a a stocking stuffed with FREE Toys!  Today’s the last day – so be sure to enter now by answering today’s question: What is the one gift that you always put in your kids’ stockings? Answer to enter to win a full of toys! .

Here are a few other giveaways you can enter this holiday for free gifts for kids:

Guardian Bikes Holiday Giveaway (Ends Dec. 15th)

DC Comics Fan Family Holiday Kids Books Giveaway (Ends Dec. 21st)

Boys’ Life Holiday Giveaway (ends Dec. 31st)

Missed the other tips?  Here are the links to Tip #1, Tip #2, Tip #3, Tip #4 and Tip #5.

Tips for A More Relaxed Holiday – Tip#5: Follow the 4 Gift Rule for Kids’ Gifts

December 8th, 2015 | Add a Comment »

FourRules4KidsGifts ImageHere’s Tip #5 of ten to make this a more relaxing and memorable gift-giving season.  (I cannot take credit for this one – this came from my friend Shelly Holmstrom.)

Follow the four gift rule for kids at the holidays.

1. Give them one thing they want.
2. Give them one thing they need.
3. Give them one thing they wear.
4. Give them one thing they read.

 

Tips for A More Relaxed Holiday – Tip#4: Be Generous

December 8th, 2015 | Add a Comment »

Here’s the fourth of ten tips for making this a more relaxed and enjoyable holiday gift-giving season this year.

Gift-giving tip #4: Be generous. From our Money Savvy friends in Japan – the true meaning of donate…really means invest!

Here are the links to Tip #1, Tip #2 and Tip #3 in case you missed them.

Tips for A More Relaxed Holiday – Tip#3: Prioritize Your List

December 4th, 2015 | Add a Comment »

holiday-budgeting-378x504Here’s my third tip on how to make this a more relaxed gift-giving season for you and your family.

Tip #3: Prioritize Your List – Using your gift-giving list, put the dollar amount you are dedicating to this gift-giving exercise at the top of your list, and then put an amount that you want to target to spend from that budgeted amount next to each gift.  Do not go beyond the total number you have written at the top.  If you run out of money – move things around.  Shave numbers off from one to give to another. Get creative – see Tip #2 for ideas.

Here are the links to Tip #1: Make a List and Tip #2: Set a Budget, in case you missed them.