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Get Your Kids Started on Personal Finance Early

July 2, 2011 2 Comments

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Probably this will be a very short post, in continuation of the earlier article Teach your Kid about money through garage sale, this is about kids and importance of their knowledge about money as well. This is about, why it is farsightedness to grant them access to banking privileges at an early stage.

Personal finance is obviously very important for all of us, and it seems to be one of the most important factors that contribute to a person’s success. That’s why getting your kids started on it early is so important as, if they are responsible when it comes to money, they will find themselves in a much better situation when they enter the workforce, and start making money.

You can achieve this by getting them their own bank account – this will allow them to begin saving for the future and allow them to see where it all goes. Credit Cards aren’t available to children, yet you can get them a debit card, which is just as exciting. Importantly this will teach them the ins and outs of banking, just make sure that it is a joint account so you can stay in control.

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Let Children Learn Money From Garage Sale

June 15, 2011 7 Comments

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What a change! Just in my last post, I bragged about the fact that I do not get enough time to write blog on week days. Surprisingly today I got a chance to pen (key) down this post.

This post is about garage sale for sure, but not about how you can make maximum profit out it, 100’s of writers covered the topic with 1000’s of articles already. You, yourself must have read 10’s of those. There’s nothing I can write which they didn’t already. I would cover another useful aspect of garage sale today.

We have internal discussion board at my work,  where yesterday the hot discussion was about garage sales and how we can leverage it to impart valuable lessons of money to our kids. The decision to make it my next blog post subject was no brainer.  Here I only need to present the ideas discussed today. I will change the names and pick four of the most motivating stories.

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