Comments on: Financial Education http://educatingthewheelers.com/2006/01/23/financial-education/ Chronicling the Experience of Educating our Children and Managing our Family Tue, 06 Jan 2009 22:25:08 +0000 http://wordpress.org/?v=2.0.2 by: marilyn http://educatingthewheelers.com/2006/01/23/financial-education/#comment-74 Sat, 25 Mar 2006 18:35:34 +0000 http://educatingthewheelers.com/2006/01/23/financial-education/#comment-74 Try www.crown.org, a Christian financial website dedicated to helping people learn that everything they have is on loan from God and we are just the stewards. They deal with a lot of people who have debt, but they also have great resources for teaching children and teens about money. They sell a three part bank with separate compartments for giving, saving, and spending (although you could easily make your own from three containers). Try www.crown.org, a Christian financial website dedicated to helping people learn that everything they have is on loan from God and we are just the stewards. They deal with a lot of people who have debt, but they also have great resources for teaching children and teens about money. They sell a three part bank with separate compartments for giving, saving, and spending (although you could easily make your own from three containers).

]]> by: Terri http://educatingthewheelers.com/2006/01/23/financial-education/#comment-19 Fri, 03 Feb 2006 14:08:00 +0000 http://educatingthewheelers.com/2006/01/23/financial-education/#comment-19 Huh! It's very interesting that you post that ... I read quite a few of the personal finance blogs, so I've run into Dave Ramsey quite a bit, but never really looked into him since we have no debt. I thought he was just a "conquer your debt"/"turn your life around" kind of guy. Thank you very much for the info! Huh! It’s very interesting that you post that … I read quite a few of the personal finance blogs, so I’ve run into Dave Ramsey quite a bit, but never really looked into him since we have no debt. I thought he was just a “conquer your debt”/”turn your life around” kind of guy.

Thank you very much for the info!

]]> by: Misty http://educatingthewheelers.com/2006/01/23/financial-education/#comment-18 Fri, 03 Feb 2006 13:18:00 +0000 http://educatingthewheelers.com/2006/01/23/financial-education/#comment-18 Have you heard of Dave Ramsey? Besides his program for getting out of debt, he offers some advice on financial matters with children. He thinks there should be some chores that kids do just because they're part of the family. Then there are some other chores (arbitrarily decided) that the kids earn 'commission' on if they do them (and can get in trouble for if they let them slack too long). In the third category is things they can do to earn extra money. With this money you teach them to put it in three spots: giving, saving, and spending. We're not going to have a child until early next year, but we're already starting to think about such things! DH's parents neglected this area of his education so we want to make sure to stop the legacy of bad financial decisions. Have you heard of Dave Ramsey? Besides his program for getting out of debt, he offers some advice on financial matters with children.

He thinks there should be some chores that kids do just because they’re part of the family. Then there are some other chores (arbitrarily decided) that the kids earn ‘commission’ on if they do them (and can get in trouble for if they let them slack too long). In the third category is things they can do to earn extra money.

With this money you teach them to put it in three spots: giving, saving, and spending.

We’re not going to have a child until early next year, but we’re already starting to think about such things! DH’s parents neglected this area of his education so we want to make sure to stop the legacy of bad financial decisions.

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