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A Kids and Money Roundup

This week, Tom Drake at Canadian Finance Blog wrote about 10 Ways To Save Money On Groceries. Some of the suggestions may stand to reason, but I bet you find a few you can implement and start to save. One thing I’d add to Tom’s list – sales (in the US, anyway) seem to run in a six week cycle. So when that boneless chicken is on sale, no need to buy more than you think you’ll eat in six weeks, otherwise you may be eating six month old freezer food. Edible, but not great.

Monevator talked about The one number to beat if you want to retire early. We’re all so focused on “The Number” that magical amount you must have saved in ored to retire, we may be missing a bigger picture. An article to get you thinking.

Next, Neal Frankle shares some very personal thoughts in Teach Kids About Money — The Free and Complete Guide. As the dad of a 12 year old girl, I struggle with the money conversation. Thanks, Neal, you just made it a bit easier.

Next, Len Penzo, offered as part of his “100 Words On:” series, A Surefire Way to Teach Kids the Value of Money. A great soundbite, worth the 30 seconds to read it.

This was the week for money and kids articles, and I read Craig Ford’s Are Kids the Victims or Victors in Frugal Homes? Focusing on the impact of the frugal home on kids, Craig offers his experience, both as the child growing up that way, and from the the perspective of a parent of 3.

I hope you have a great week ahead.

Joe

  • Jerry March 18, 2011, 4:54 pm

    It is definitely important to teach your kids about money. I was not and spent much of my teens and early 20’s blowing money and totally mismanaging it. I think if you have some education about it, it may lead to making better choices. There’s no insurance your kids won’t make mistakes but it’s a good idea to give them your advice and experience.

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