Schools must take a leading role in boosting the number of youngsters who grow up to become successful entrepreneurs, says the Forum of Private Business (FPB).
Schools must take a leading role in boosting the number of youngsters who grow up to become successful entrepreneurs, says the Forum of Private Business (FPB).
Financial Fitness For Kids author Cathy McGuane says it’s vital parents have their own finances in check to ensure they’re good role models for money management.
“A lot of managing money is around your behavior, whether you’re a compulsive spender or whether you’re a good saver, a lot of that is something that needs to be taught earlier so it becomes a habit,” McGuane says.
Smartmoney.com
It’s never too early to start talking dollars…and sense.
Parents are often scared to talk to their kids about money.
Some lessons mean admitting mistakes; others signal unattainable goals. But the consequences of not imparting those lessons on your own kids could be more dire than ever. Unlike grandpa, who may have a pension and employer provided health insurance — most children now need to understand much more than basic budgeting. Big brother doesn’t have anyone’s back anymore.
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Alyson Shontell: Businessinsider.com
George Haines is a 36-year-old former gym teacher at St. Philip and James school in Long Island. A few years ago, Haines started a technology course to teach PreK-8th grade students all about entrepreneurship.
“Being a gym teacher isn’t really that different now than it was in 1980. But technology changes so fast. It’s even different between now and April,” says Haines. Read More
Written by Heather Larson: SavingsAccounts.com
If you’re a parent, one of your tasks is teaching your children healthy money management along with showing them how to develop healthy eating habits. Neither skill set comes naturally to children. The money management skills you talk to them about should include both responsible spending and regular saving. How you choose to help them understand finances depends on how old they are. Here are some guidelines. Read More
By Danielle Wright BET News
According to a 2010 Pew Internet Project study, nearly three-fourths of American teenagers use social networking sites. In a world saturated with social media, keeping up with the “Jones” can be tempting for teens who can easily see what the Jones are up to online. Could trying to stay up-to-date with the latest fashions and trends be draining your teens’ pocketbook—without them even knowing it? Read More
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