Thursday, May 04, 2006

Lesson of Finance for Kids

Many of us ignore the importance of teaching ideas and concepts of personal finance to our kids but it is a crucial part of their development and growing up as a responsible individual. If they cannot manage their personal savings and planning for their future, just a good education may land them on a good job but they may fail to utilize that advantage of having a good job.

There is no hurry, of course. But you may slowly start ... The following websites may assist you in your endeavor:

Moonjar : Moonjar's moneyboxes were created as a tool for children and families to incorporate strong financial values and practices into their daily lives. Moonjar moneyboxes are used in homes and schools around the world.
RichKidSmartKid : (Provides a wide range of tools for such lessons)
KidsBank : (A good internet resource for learning about money and banking),

If you'd seriously consider having professional help in teaching your child about money, you may enroll them in local finance or business camps for kids at TheMoneyCamp which offers programs for kids and for adults at several locations nationwide. For an Internet-based "camp," visit TeachingKidsBusiness whose sessions are based on the book "Kids' Guide to Business" by Jeff M. Brown.

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