Friday, June 10, 2011

Dave Ramsey - Kids sale

Dave Ramsey is having a sale on his kids products. The Kids Monster Pack is on sale for $45. It is regularly a $119 value. It contains his Financial Peace Jr. program, story books, CDS and saving bank.

It is a great resource to get kids interested in learning about saving, spending and giving.

Sunday, May 22, 2011

Free Zoo Day

529 Friday - College SAVE Day at the Zoo is Friday, May 27 in Bismarck and June 3 in Fargo. Join Bank of North Dakota and the College SAVE Plan in a celebration of saving for higher education. Admission is free. You can register for prizes includes $529 for college, an iPod, a Kindle, a mini laptop and more.

The Bismarck event will be at Dakota Zoo from 10:00 am to 7:00 pm. Prize drawings begin at 4:00.

The Fargo event will be at the Red River Zoo on June 3 from 10:00 am to 6:00 pm. There will be animals, activities, carousel rides and more. Animal shows will be at 11:30, 1:30, 3:30 and 5:30.

Thursday, May 19, 2011

$100 for baby's college fund

Children FIRST is a program to help people start a college fund for their babies. It is open to every baby born in North Dakota on or after January 1, 2011. The plan administrator and state-owned Bank of North Dakota will contribute $100 for the baby which is earmarked for his or her higher education fund.

Anyone can apply for a Children FIRST Grant for a North Dakota newborn - including parents, grandparents, aunts/uncles, or friends. (Only one grant is allowed per child.)


To get $100 for a little one's college fund. Here's how:
1. Complete the short Children FIRST Enrollment Form.

2. Bank of North Dakota will make a $100 contribution for the baby.

3. Open a College SAVE account and contribute at least $100 within the next four years. The Children FIRST contribution will be added to your College SAVE account for the child's future education.

4. Continue to add to the College SAVE account for the child's future higher education costs at the pace that's right for you.

Click here to apply.

Monday, May 9, 2011

Money Savvy Generation

The Money Savvy Generation website contains products and resources to teach kids about money from 4 years of age through teenagers.
One of the resources you can sign up for is the “Helping Kids Get Smart About Money” E Newsletter.
The Money Savvy Saving Banks have 4 separate chamber for Save, Spend, Donate and Invest. The banks come as pigs in blue, pink, red, purple, green, and platinum and also as a clear cow or a football.
They have recently added an I-phone app/game, Savings Spree which teaches kids how the choices they make each day can add up to big savings or big expenses.  It is for children ages 7 and up (or younger with help from mom and dad or older sibling). 
This is one of many resources available to teach kids about money.

Friday, April 22, 2011

Money Doesn't Grow on Trees

One of the books I have found that deals with teaching kids about money is “Money Doesn’t Grow on Trees, A Parent’s Guide to Raising Financially Responsible Children” by Neale S. Godfrey. She also wrote “Money Still Doesn’t Grow on Trees” dealing with teens.
The book contains games and activities for different age groups to teach kids about money. The chapters contain topics such as how to handle allowances, introducing your kids to banking, and budgeting. There is also a chapter on how to use the world as your financial classroom. If you take a couple of minutes to explain what you are doing can help your children learn. When you write a check or use your debit/credit card, explain that you need to make sure you have enough money in your account to use them or that you should be able to pay off your credit card each month.
One of the stories in the book is about a friend of hers that took his young sons across the country to visit their grandparents. Each time they stopped to eat, one of the sons was almost lagging behind. When they were almost home he asked him why. The son told him that he had to keep picking up the money he kept leaving on the tables. If not explained what he was doing, to a 5-6 year old it would look like his dad was forgetting his money.
This is one of the many resources available on this subject.

Teaching kids about money

I have always had a passion for learning about how to manage my finances and now want to help others.  I have started a money coaching business providing coaching and presentations.  I have also developed a workshop to help kids about money.  Kids from 10 years up can work their way through a series of stations dealing with different financial matters such as budgeting, tracking spending, credit/debit cards and other topics.

I have been writing posts about various financial topics and decided to start this one focusing on resources and ideas to teach kids about money.