Comments on: Parents Should Teach Kids Finances, Not Just Schools

By: For Healthy Marriages

For Healthy Marriages — Wed, 30 Jun 2010 14:34:35 +0000

This is an AWESOME Article!

By: Jason Young

Jason Young — Wed, 23 Jun 2010 19:18:28 +0000

Hmm. So I’m not sure if my original comment went through, but I really liked your article. I learned at an early age – 5- to start saving money, and it had a huge impact on my life.

Twenty-two years later, I’m launching Zindagi, a social enterprise aimed at using gaming to help kids to develop good financial habits.
I’d like to tell you more if you are interested.
—
Jason
jason@onezindagi.com

By: Jason Young

Jason Young — Wed, 23 Jun 2010 19:09:41 +0000

Great article. My mom actually took me to the bank and signed me up for a savings account when I was 5. I also receive an allowance of which I had to save 20% and donate 20%. It was a tremendous learning experience for me. Now, at age 27, I launching my own social enterprise aimed at using gaming to help kids to develop good financial habits.

I’d like to tell you more if you are interested.
—
Jason
jason@onezindagi.com

By: 8 Ways to Teach Kids about Money - It's Your Money - TIME.com

8 Ways to Teach Kids about Money - It's Your Money - TIME.com — Wed, 05 May 2010 12:37:46 +0000

[...] rely on schools alone to teach them financial lessons. Instead, take the lead yourself, explains Frugal Dad, who suggests real-life experiences like taking your kids to the grocery store and the bank to show [...]

By: Prakash Dheeriya

Prakash Dheeriya — Tue, 04 May 2010 02:19:14 +0000

What a great article!
Another way to teach the children about credit in general is to help them buy an expensive toy. Ask they to pay it back in chores or part of their weekly allowance. They will quickly learn to discipline themselves and start paying their bills promptly.

Prakash Dheeriya, PhD
Father, Author & Professor of Finance
Finance for Kidz series
finance4kidz dot com

By: Katrina

Katrina — Mon, 26 Apr 2010 12:42:36 +0000

I couldn’t agree more! The educational system totally fails in basic financial knowledge! By the time I graduated from college, I still had no idea what a credit score was (and I am highly educated, and a doctor now!)!! But I did have to take a million classes on race and racisms, women equality, blah blah blah. One of these classes should have been replaced by basic finances with emphasis on budging, investing, and retirement.

By: What Am I Reading? 4/21/2010 Edition « Destination England

What Am I Reading? 4/21/2010 Edition « Destination England — Thu, 22 Apr 2010 13:03:11 +0000

[...] Parents Should Teach Kids Finances, Not Just Schools @ frugaldad.com – My parents never really taught me how to handle money, and it was a bitter lesson, I’ve had to learn the last five years of my adult life. Having a son now, one thing I want to impart to him is how manage his finances. [...]

By: Michelle

Michelle — Mon, 19 Apr 2010 19:25:38 +0000

My daughter was in Girl Scouts during her junior high and high school years. There were several badges the older girls were able to earn during that time that focused on personal finances. Her junior high troop leader is a banker, so she personally taught a badge that was meant to help the girls understand how a checkbook works. I assume the badge lists have been updated since my daughter graduated in 2007 – but GS does like to keep a close connection to “here and now” issues. So if your girl is in scouting, look up the current specifications.

By: Kevin Stackis

Kevin Stackis — Thu, 15 Apr 2010 16:02:46 +0000

Great idea, I have 10 year old twins who had a class this year in school teaching them to budget their money. They are given weekly paychecks and have bills they need to pay. They usually have money leftover and then they are rewarded with some type of goodie bag to purchase with the leftover money. They unfortunately miss many concepts of how to save and plan for the future. I am going to do your exercise with them and see how they feel when bills pop up unexpectedly and have them get a sense of real cost.

Thanks for posting this comment , I look forward to seeing their bug eyes!

By: Adam@RabbitFunds

Adam@RabbitFunds — Wed, 14 Apr 2010 00:20:14 +0000

This is a great article. I firmly believe that parents have the greater responsibility to teach their kids personal finance (both explicitly and by example). I think it’s even more important these days since schools don’t really teach personal finance. Most business schools don’t even teach personal finance.