tag:blogger.com,1999:blog-352706362024-02-20T15:35:07.651-08:00Kids And MoneyImprove financial literacy for children by teaching them to share, save and spend smart.Johnhttp://www.blogger.com/profile/15737446894336172219noreply@blogger.comBlogger96125tag:blogger.com,1999:blog-35270636.post-90622422771072132792014-09-21T10:52:00.000-07:002015-01-14T15:57:13.474-08:00Longer Term Savings and the Save Jar<div class="separator" style="clear: both;">
<a href="http://www.themoneymammals.com/financialeducationforkids/2014/01/longer-term-savings-and-save-jar.html">Longer Term Savings and the Save Jar</a></div>
Johnhttp://www.blogger.com/profile/15737446894336172219noreply@blogger.com0tag:blogger.com,1999:blog-35270636.post-20913750846267842922014-04-03T13:34:00.003-07:002015-01-14T15:56:49.076-08:00The Importance of Doing Something Different<a href="http://www.themoneymammals.com/financialeducationforkids/2014/04/the-importance-of-doing-something.html">The Importance of Doing Something Different</a><br />
<br />Johnhttp://www.blogger.com/profile/15737446894336172219noreply@blogger.com0tag:blogger.com,1999:blog-35270636.post-8314643629174378372014-01-17T11:22:00.002-08:002015-01-14T15:57:39.484-08:00MoneyBuddy's 2014 Award Winner<a href="http://www.themoneymammals.com/financialeducationforkids/2014/01/moneybuddys-2014-award-winner.html">Money Buddy's 2014 Award Winner</a>Johnhttp://www.blogger.com/profile/15737446894336172219noreply@blogger.com0tag:blogger.com,1999:blog-35270636.post-1429763249805888052014-01-10T10:25:00.004-08:002015-01-14T15:58:15.282-08:00Take Five Short Minutes to Set Up an Allowance System<a href="http://www.themoneymammals.com/financialeducationforkids/2014/01/take-five-short-minutes-to-set-up.html">Take Five Short Minutes to Setup and Allowance</a><br />
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Johnhttp://www.blogger.com/profile/15737446894336172219noreply@blogger.com1tag:blogger.com,1999:blog-35270636.post-17456763791521625242013-10-04T14:49:00.003-07:002015-01-14T15:59:40.362-08:00Effective Allowance<a href="http://www.themoneymammals.com/financialeducationforkids/2013/10/effective-allowance.html">An Effective Allowance</a>Johnhttp://www.blogger.com/profile/15737446894336172219noreply@blogger.com1tag:blogger.com,1999:blog-35270636.post-78966947091265928012013-10-02T16:16:00.002-07:002015-01-14T16:00:10.367-08:00Virtual Finance<a href="http://www.themoneymammals.com/financialeducationforkids/2013/10/interesting-infographic-now-that-my-10.html">Interesting Infographic</a>Johnhttp://www.blogger.com/profile/15737446894336172219noreply@blogger.com0tag:blogger.com,1999:blog-35270636.post-27926793592226798662013-06-21T11:51:00.002-07:002015-01-14T16:00:46.523-08:00Money Mammals TV Spreecast with Joline Godfrey<a href="http://www.themoneymammals.com/financialeducationforkids/2013/06/money-mammals-tv-spreecast-with-joline.html">Spreecast with Joline Godfrey</a>Johnhttp://www.blogger.com/profile/15737446894336172219noreply@blogger.com0tag:blogger.com,1999:blog-35270636.post-77351265572623323022013-06-12T11:00:00.004-07:002015-01-14T16:01:12.390-08:00Making the Share Jar Work for Kids<a href="http://www.themoneymammals.com/financialeducationforkids/2013/06/making-share-jar-work-for-kids.html">Making the Share Jar Work for Kids</a>Johnhttp://www.blogger.com/profile/15737446894336172219noreply@blogger.com0tag:blogger.com,1999:blog-35270636.post-34536677237477471242013-04-25T11:27:00.001-07:002015-01-14T16:04:19.940-08:00Of Marshmallows and Money<div style="font-family: Helvetica;">
<a href="http://www.themoneymammals.com/financialeducationforkids/2013/04/of-marshmallows-and-money.html">Of Marshmallows and Money</a></div>
Johnhttp://www.blogger.com/profile/15737446894336172219noreply@blogger.com1tag:blogger.com,1999:blog-35270636.post-29264800635731830522013-04-12T11:09:00.000-07:002015-01-14T16:06:19.005-08:00New York Times Room for Debate - Allowances<a href="http://www.themoneymammals.com/financialeducationforkids/2013/04/new-york-times-room-for-debate.html">NY Times Room for Debate</a>Johnhttp://www.blogger.com/profile/15737446894336172219noreply@blogger.com0tag:blogger.com,1999:blog-35270636.post-86004487743646915802013-02-08T08:29:00.004-08:002015-01-14T16:07:08.008-08:00Weekly Roundup - Interview Edition<a href="http://www.themoneymammals.com/financialeducationforkids/2013/02/weekly-roundup-interview-edition.html">Weekly Roundup</a>Johnhttp://www.blogger.com/profile/15737446894336172219noreply@blogger.com0tag:blogger.com,1999:blog-35270636.post-48531770337019679402013-01-25T11:41:00.000-08:002015-01-14T16:07:46.936-08:00Mini iPads and Money Mistakes<a href="http://www.themoneymammals.com/financialeducationforkids/2013/01/mini-ipads-and-money-mistakes.html">Mini iPads and Money Mistakes</a>Johnhttp://www.blogger.com/profile/15737446894336172219noreply@blogger.com2tag:blogger.com,1999:blog-35270636.post-5521636649556319332012-12-17T11:05:00.001-08:002015-01-14T16:10:08.941-08:00Holiday Thoughts<a href="http://www.themoneymammals.com/financialeducationforkids/2012/12/holiday-thoughts.html">Holiday Thoughts</a><br />
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Johnhttp://www.blogger.com/profile/15737446894336172219noreply@blogger.com0tag:blogger.com,1999:blog-35270636.post-55724185605244171562012-11-30T11:55:00.002-08:002015-01-14T16:10:58.592-08:00Youth Financial Literacy Essential Reads<a href="http://www.themoneymammals.com/financialeducationforkids/2012/11/youth-financial-literacy-essential-reads.html">Youth Financial Literacy Essential Reads</a>Johnhttp://www.blogger.com/profile/15737446894336172219noreply@blogger.com0tag:blogger.com,1999:blog-35270636.post-1453583140950788732012-11-16T12:14:00.002-08:002015-01-14T16:12:12.938-08:00<a href="http://www.themoneymammals.com/financialeducationforkids/2012/11/joes-money-jar-label-maker-from-john.html">Joe's Money Jar Label Maker</a>Johnhttp://www.blogger.com/profile/15737446894336172219noreply@blogger.com0tag:blogger.com,1999:blog-35270636.post-76684079726870379292012-09-17T09:39:00.001-07:002015-01-14T16:12:54.742-08:00Weekly Roundup - Late Edition<a href="http://www.themoneymammals.com/financialeducationforkids/2012/09/weekly-roundup-late-edition.html">Weekly Roundup Late Edition</a>Johnhttp://www.blogger.com/profile/15737446894336172219noreply@blogger.com0tag:blogger.com,1999:blog-35270636.post-41897487595944032532012-08-15T09:15:00.000-07:002015-01-14T16:13:52.004-08:00Money Mammals TV - Distributing Allowance<a href="http://www.themoneymammals.com/financialeducationforkids/2012/08/money-mammals-tv-distributing-allowance.html">Money Mammals TV - Distributing Allowance</a>Johnhttp://www.blogger.com/profile/15737446894336172219noreply@blogger.com0tag:blogger.com,1999:blog-35270636.post-57969352766218869852012-08-10T07:35:00.000-07:002015-01-14T16:14:33.671-08:00Money Mammals TV - The 3-Jar Method<a href="http://www.themoneymammals.com/financialeducationforkids/2012/08/money-mammals-tv-3-jar-method.html">Money Mammals TV - The 3 Jar Method</a>Johnhttp://www.blogger.com/profile/15737446894336172219noreply@blogger.com0tag:blogger.com,1999:blog-35270636.post-32801478298742210232012-08-03T10:42:00.002-07:002015-01-14T16:15:29.262-08:00Joe's Birthday Bananza!<a href="http://www.themoneymammals.com/financialeducationforkids/2012/08/joes-birthday-bananza.html">Joe's Birthday Bananza!</a>Johnhttp://www.blogger.com/profile/15737446894336172219noreply@blogger.com0tag:blogger.com,1999:blog-35270636.post-9601980696253201732012-07-12T15:49:00.004-07:002015-01-14T16:16:09.830-08:00My Favorite Books<div>
<a href="http://www.themoneymammals.com/financialeducationforkids/2012/07/my-favorite-books.html">My Favorite Books</a></div>
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Johnhttp://www.blogger.com/profile/15737446894336172219noreply@blogger.com0tag:blogger.com,1999:blog-35270636.post-86653379369566981822012-06-22T09:24:00.000-07:002015-01-14T16:16:56.125-08:00Money Moments - Youth Financial Literacy Weekly Round Up<a href="http://www.themoneymammals.com/financialeducationforkids/2012/06/money-moments-youth-financial-literacy.html">Money Moments in Youth Financial Literacy</a><br />
<br />Johnhttp://www.blogger.com/profile/15737446894336172219noreply@blogger.com0tag:blogger.com,1999:blog-35270636.post-52705469622210798402012-06-01T06:29:00.000-07:002015-01-14T16:18:11.898-08:00Working Hard for the Money<div class="separator" style="clear: both; text-align: left;">
<a href="http://www.themoneymammals.com/financialeducationforkids/2012/06/working-hard-for-money.html">Working Hard for the Money</a></div>
Johnhttp://www.blogger.com/profile/15737446894336172219noreply@blogger.com0tag:blogger.com,1999:blog-35270636.post-63398228733094847312012-05-18T14:59:00.001-07:002012-06-25T09:30:16.882-07:00Parents - Stay Strong at the Store (Allowance Tips)<div class="separator" style="clear: both; text-align: center;">
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<br />Johnhttp://www.blogger.com/profile/15737446894336172219noreply@blogger.com0tag:blogger.com,1999:blog-35270636.post-5378463089982493292012-04-13T09:46:00.001-07:002012-04-13T09:46:08.738-07:00It's just another doll...A couple of years ago, I posted about the process my daughter went through to save for an American Girl doll. Despite my misgivings with her spending over $100 for a doll that was almost certainly overpriced due to demand, I wanted to remain true to my mantra that her allowance was hers to learn about money responsibility. She saved for and purchased the doll.<br />
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Just recently, almost two years - and numerous conversations - later, she came in to my office and wondered why she had even bought the doll in the first place. It wasn't any better quality than similar dolls at Target (which were one third the price) and she was bored of the doll. We had already discussed that the marketing behind the dolls drove up the demand and thus the price, that collecting items like these were driven by our consumer culture and that she wasn't paying for additional quality, but rather for a brand.<br />
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I just replied, "Well, you learned something, didn't you."<br />
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I think shed did.Johnhttp://www.blogger.com/profile/15737446894336172219noreply@blogger.com1tag:blogger.com,1999:blog-35270636.post-72211606242698465232012-03-13T06:53:00.000-07:002012-03-13T06:53:19.741-07:00The Benefits of an AllowanceThere are some HUGE benefits to setting up an allowance. Doing so, and giving your kids control of their money, is very empowering and engenders positive associations about money. In a society in which so much negativity is directed towards money and the accumulation of money (some warranted, some not), wouldn't it be nice to raise of generation of kids who used money for what it is - a tool. Nothing more. Nothing less. No baggage.<br />
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Giving an allowance can also help you reduce the "I want 'ems." You know, you go to the store with your child. "I want this. I want that." Making them responsible for small purchases can dramatically reduce in-store tension. Remember, I'm not saying the "I want 'ems" will end, but you will certainly have a context for a conversation rather than a knock-down, drag-out war in the store.<br />
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And don't forget that an important part of the allowance formula is to set savings goals. Teaching your child to set and achieve goals is arguably one of the most important life skills you can teach them.<br />
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Is the time burden of a weekly allowance stopping you? Do it bi-weekly or monthly. Whatever you do, make it purposeful and take advantage of its benefits. Good luck!Johnhttp://www.blogger.com/profile/15737446894336172219noreply@blogger.com1