Teaching Kids About Choices With Money
There are a few other companies and initiatives that I consider enormously helpful for any parent, educator or adult who wants to teach kids about money – or even improve their own financial knowledge. One of them is a fabulous web site, www.moneysavvygeneration.com, where you can get a special four-chambered piggy bank for kids. I consider this a 21st Century piggy bank, because instead of having just one slot, this Money Savvy Pig has four slots where youngsters can put coins or dollars. Each slot is labeled “save,” “spend,” “donate,” and “invest,” in order to teach kids about the choices they have with money. I have these educational piggy banks for my two older kids and they love them. Susan Beacham is the co-founder of Money Savvy Generation. She and I have co-authored The Millionaire Kids Club, a series of five money-management books for children between the ages of five and 12. For more information, visit my website: www.themoneycoach.net.
Citigroup has one of the most comprehensive financial education programs I’ve encountered. For adults, there’s Citi Cards’“Use Credit Wisely” program, as well as its “Hablando de Credito” or “Let’s Talk About Credit” education effort for Spanish-speaking consumers. Both offer a wealth of personal finance tools, help and information. In 2004, Citigroup launched a 10-year, $200 million campaign to support financial literacy programs around the globe. Additionally, its Smith Barney unit has a great Young Investors Network that’s good for middle school and high school students. The youngsters in the Network are taught fiscal responsibility, they learn how to calculate their college expenses, and they participate in a stock-portfolio contest, among other activities. To learn about the full range of personal finance initiatives sponsored or run by Citigroup, visit the company’s web site at www.citigroup.com. Then click on the “Financial Education” button found in the “Corporate Citizenship” section.
Finally, Hands on Banking is a wonderful program by Wells Fargo that teaches money skills for four age groups, ranging from fourth graders to adults. The curriculum is fun to use, free of charge, and available in both English and Spanish. A bonus element of this curriculum is that anyone can use it, because it’s designed for self paced, individual learning, as well as for classroom and community groups. Get more info at www.handsonbanking.com.
Next – Day 31: Address any Other Money Woes, Credit Issues, or Special Financial Circumstances.
