Posts tagged financial literacy
The Right Age to Teach Kids About Money
Aug 9th
Question: What is the right age to start teaching kids about money?
Answer: If they are breathing, they should be learning about money!
OK, that may seem a little over zealous, but here’s the thing…
Just like our need for oxygen from the moment we pop out into the planet, most of us don’t survive very well without ample amounts of financial resources to provide for the things we need. We really do NEED money in our lives to survive well and you can’t convince me otherwise.
Even if you’re a monk, somewhere there is money exchanging hands to handle your needs.
The fact is, you can work for (trade your time and energy for), beg, borrow or steel, the things that you need to live: water, food, clothing, shelter, education, transportation, etc. Even if YOU are not working for these things, it took money for SOMEONE to pay for what you are begging, borrowing or stealing!
Where is MONEY on the NEEDS vs WANTS scale anyway?
To read the rest of this article by Elisabeth Donati and get ideas of what to teach kids at what age, please go to http://bit.ly/ckOg1K.
Are You Financially Literate?
Aug 2nd
According to Wikipedia, “Financial literacy is the ability to understand finance” and “Personal finance is to financial literacy what being able to read one’s own handwriting is to literacy. http://bit.ly/9KtE6f
Does your financial literacy need some brushing up? Check out the sites below for articles, tools, videos, and other resources:
30 Steps to Financial Wellness http://bit.ly/b4FXOA
360 Degrees of Financial Literacy http://bit.ly/dz4oMk
Feed the Pig http://bit.ly/c7an6U
Get Financial Finesse http://bit.ly/cVpLo0
My Money http://bit.ly/b4yYbe
NSLP Financial Literacy Online http://bit.ly/9Mhtjt
Life Events Present Financial-Planning Opportunities
Jul 20th
In June, I discussed the myriad issues clients often overlook or ignore that require changes in their estate plans. That column mentioned key life events that may necessitate estate plan updates. I merely listed them because the implications for planning seemed obvious. But on further reflection, I realized that some changes, such as the birth of a new child, have implications that are not always obvious. Although parts may seem basic, the list contains good talking points for advisors and clients.
To read the entire article by Martin Shankman, an estate planner in Paramus, N.J., please go to http://bit.ly/dx7Hte.
Money Smart, July 2010
Jul 7th
Money Smart is an online magazine for parents who teach their children about money. The July 2010 issue is available now. Included are the following topics:
- What celebrities teach their kids about money
- Encouraging your child to spend, share, & save
- The concept of money
- Enterprising ideas for the summer
You can find the July 2010 issue here: http://bit.ly/bvpWWj.
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