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Raising Money Minded Kids

Free Scrapbooking Materials

Jun 29 2011 08:25 PM | Tricia Meyer in Raising Money Minded Kids
Creating scrapbooks for your kids can be incredibly expensive. From the leather-bound books to the background pages to the embellishments, the costs can really add up. We want the books to be beautiful and creative, but we do not need to spend a fortune on them. Here are some tips for inexpensively making scrapbooks.

Often when you vacation you end up with guides and maps of some kind. These are usually free when you visit and end up crumpled up in your backpack at the end of the trip. Whether you are visiting Hershey’s Chocolate World, Disney, or Washington, D.C., you should save those maps and use them in two ways. First, op...
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Quality Time versus Quantity Time

May 27 2011 03:55 PM | Sabrina O’Malone in Raising Money Minded Kids
Can a parent have one without the other? Sure, you spend time with your kids doing nothing in particular. But those are often the moments that turn out to be the most valuable.

For example, because my father passed away recently I've had the opportunity to reflect, analyze and consider him as an individual. What turns out to be the things I miss and remember most?

His laugh.
His habit of reading the newspaper every day.
His voice.
The sight of his face...things I spent nearly 43 years just being around.

Things that required a significant quantity of time to get to know. Sur...
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Gift Cards Teach Lessons

May 02 2011 07:00 PM | Tricia Meyer in Raising Money Minded Kids
I’ve never been a big fan of giving family members gift cards for holidays unless they were for a specific purpose. I like giving gifts that show I put a lot of thought into them. However, after seeing my kids receive a few gift cards in the last year, I am starting to appreciate that they can be more than a gift. Gift cards can also help teach our kids lessons about saving and budgeting.

My girls love to read and entertainment in general. They are always asking for copies of the newest animated DVD or the sequels to their favorite books. Rather than just buy them for the kids, I have started to teach them how to use their gi...
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Gifts and the Lost Art of “Thank-Yous”

Mar 17 2011 07:15 PM | Doreen Kukral in Raising Money Minded Kids
My kids know the rule in our home. If someone gives you a gift, you owe them a “thank-you”. Not just a verbal thank-you either… I’m talking about a written thank-you note.

This tradition seems to have gone by the wayside. I sometimes feel like I spend a fortune on party gifts, yet we rarely see thank-yous arrive at our own home.

I was raised to understand that if I received a gift, it meant someone took time to buy it and spent their money as well. I essentially owed them my time in return, to let them know that I recognize what they did for me.

The thank-you does...
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Kids as Cooks and Critics: The Great Cookie Cha...

Mar 10 2011 08:00 PM | Liz Strauss in Raising Money Minded Kids
Some Cookies Are Better than Others
It was a red letter day when my mom made her special chocolate chip cookie recipe. All of my friends in school, even through college, waited in anticipation for a taste or two. They were something special. Those cookie stores in the mall had nothing on my mom. No. Nothing beats great cookies from the oven.

Do your kids have a favorite cookie? Create a fun family project by taking on the Great Cookie Challenge. Plan time to shop together and do the following.

Kids Aren't Entitled to College Tuition

Mar 07 2011 08:00 PM | Vicky Collins in Raising Money Minded Kids
Every month, we automatically contribute to our four kids’ 529 plans.

Until recently, we wanted to make it easier for our kids than we had it. Both my husband, Shawn, and I had to take loans out and work many hours during school to pay for our education.

I didn’t want my kids to have to “suffer” like I did.

But I tell you what, I feel like I appreciated my BA more than any of my friends who didn’t have to help pay for their education.

Also, I think Shawn and I really cherish our lives now more so than our counterparts. We worked for our degrees, so it’s almost like it has more meaning...
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Budgets - Kids as Chief Financial Officers

Feb 17 2011 08:00 PM | Liz Strauss in Raising Money Minded Kids
Kids and Budgets
I had two older brothers. The older was never separated from any penny that came his way. The younger thought nickels, dimes, and quarters were meant to buy more stuff, more candy, and more fun. What do you do with two boys like that -- one who won't buy a pencil to write with and one who can't keep a penny in his pocket?

Knowing how to save and how to spend is key to a healthy financial future. Appoint your kids as Chief Financial Officer of their allowances to give them experience with a simple budget.

Explain that the Chief Financial Officer or CFO in...
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Birthday Party Presents on a Budget

Feb 16 2011 08:00 PM | Tricia Meyer in Raising Money Minded Kids
If you are like me, you view every birthday party invitation that comes into your house with a certain amount of dread. It seems like sometimes we go on a run where each kid gets 3 or 4 within a month. Multiplying that by just my 2 kids, that’s 6-8 gifts that I need to buy. At $15 or so a gift, that can be over $100 a month! I can’t imagine how much it would be for those of you who have more kids than I do. How do you let your kids participate but stay within your monthly budget? Here are a few tips that I have picked up over the years.

First, remember that the gifts do not have to be expensive. Most birthday par...
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Delayed Gratification

Jan 29 2011 08:00 PM | Vicky Collins in Raising Money Minded Kids
Every Sunday, we give our kids their allowance. They each have a list of chores to do daily, and if they complete them, they get their money come Sunday.

Since we implemented the allowance, I have noticed they are much more aware of how far a dollar goes.

For the longest time, Lexie, our 9 year old said she wanted an iPod Touch. I told her fine, save up your money and you will have one in no time. I even let her do extra stuff to earn a little more money.

Well, $200 later, I thought she’d be so excited to run out and buy the iPod. When she finally saved up enough money, she decided she didn’t...
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Persuade Me – Teaching Kids to Negotiate

Jan 25 2011 08:00 PM | Liz Strauss in Raising Money Minded Kids
We were near the cashier, ready to checkout.

My young son said, “I want a candy bar?”
I said, “No, not today.”
“But Mom, I NEED one.”
“Not today.”
“But I NEED one.”
“Not today..”
“But why?”
“Because I’m the meanest mom in the world.”
“No, you’re not!!”
‘Yes, I am.
“No way.”

The lady checking out our purchases couldn’t help but give me a smile at how I’d won the day. She and I both knew that it’s not that often parents get to prevail that easily.

Every parent knows that children can be relentless at arguing their case, but arguing d...
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