What's more important than teaching your child money management skills? Money management is not just giving them an allowance! In this age of information, our kids need more than we ever did. Give your kids head start as they embark on their path of life long learning.
According the Associated Press, 1 in 10 teenagers is capable of making some key financial decisions.In the U.S., 1 in 6 did NOT reach the baseline for financial literacy. Our economy is changing so fast, that the idea of working for one company for 40 years or earning a pension are basically gone," Says Arne Duncan,
U. S. Secretary of Education.
Can your child recognize the purpose of an invoice or compare prices? Probably not. Massachusetts does NOT require a course in personal finance for high school students. Today is the day to start your child on the path to being financially savvy.
We can help teach them about assets, liabilities, income statements , passive income, and more with CASHFLOW for KIDS. Makes "cents" to me.
Wednesday, July 16, 2014
Tuesday, July 1, 2014
Summer -- the Perfect Time for Risks.
Reasonable risks are healthy for child development. Ellen Sandseter, a professor of early childhood education identifies six kinds of risky play:
1. Exploring heights or getting the "bird's perspective" -- high enough to invoke the sensation of fear.
2. Handling dangerous tools - scissors, hammers, knives.
3. Being near dangerous elements - water, fire.
4. Rough and tumble play -- wrestling, play-fighting so they can learn to negotiate aggression and cooperation.
5 Speed -- at a pace that feels too fast.
6. Exploring on one's own.
The last one, she believes, is the most important because when they are left alone, they take full responsibility for their actions and it's a thrilling expedience.
By engaging in risky behavior, they are effective subjecting themselves to a form of exposure therapy where they are forced to face what they fear and overcome the fear.
Summer is the perfect time to send the kids outdoors to play and discover themselves and their courage.
When was the last time you let your child explore unsupervised?
1. Exploring heights or getting the "bird's perspective" -- high enough to invoke the sensation of fear.
2. Handling dangerous tools - scissors, hammers, knives.
3. Being near dangerous elements - water, fire.
4. Rough and tumble play -- wrestling, play-fighting so they can learn to negotiate aggression and cooperation.
5 Speed -- at a pace that feels too fast.
6. Exploring on one's own.
The last one, she believes, is the most important because when they are left alone, they take full responsibility for their actions and it's a thrilling expedience.
By engaging in risky behavior, they are effective subjecting themselves to a form of exposure therapy where they are forced to face what they fear and overcome the fear.
Summer is the perfect time to send the kids outdoors to play and discover themselves and their courage.
When was the last time you let your child explore unsupervised?
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