Jason Alderman: Talking with kids about the recession
Jason Alderman’s personal finance column, Practical Money Matters, has this piece: Talking with kids about the recession.
A snippet:
My wife and I are using the current economic situation as an educational jumping-off point for our two children, ages 5 and 9. Here are a few of the strategies you might want to try:
Put prices into perspective. When your kids clamor for a new toy or treat and you’d rather not spend the money, don’t simply say you can’t afford it. Put the cost into perspective by noting how long they would have to save their allowance or how many additional chores it would take to pay for it.
Posted: September 28th, 2009 under Financial crisis / recession, K-8 students.
Comments: 2
Comments
Comment from KM AML
Time: September 28, 2009, 5:51 pm
Great snippet on how to talk with your kids about the recessions. I’d encourage people to check out the newly published book:
MONEY MATTERS(TM): It’s Either Working For You Or Someone Else written by John Keuffer, Richard Carey and Kathy Garrison. The trio have been teaching financial literacy to youth since 1999.
The book is based on teaching kids how money works, how to make it work for them and it encourages family discussions on family finances.
It’s on Amazon, Google, Borders and many other major bookstores. Or go to: http://www.mymoneymatters.biz/home
Comment from Paula Wethington
Time: September 28, 2009, 7:33 pm
For the younger set, check out what Sesame Street is doing. http://www.sesameworkshop.org/toughtimes
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