Your Kid’s First Summer Job

I remember back in the 1973 when I worked my first summer job. I was all of 15 years of age. I was getting paid to sort rivets in an aircraft sheet metal shop. The work was tedious, but the pay wasn't all that bad - I think that I was paid $7/hour (back then that was a decent wage for a 15 year old). Did I save any money that summer? Not one cent! My parents suggested that I should save some of it, but I thought that money grew on trees back then. Little did I realize that putting aside money was a wise thing to do. I, like many other kids of that generation, believed that money was meant to be spent not saved. Now when I look back, I realize… Read More

3 Things Your Kids Need to Know About Money

The best lessons that I ever learned about financial responsibility were from my Mom and Dad at the kitchen table. They taught me:
  • The value of money
  • How to spend wisely
  • How to save
Even though, I was taught these lessons in the late 1960s and 1970s; I firmly believe these are still valuable lessons that every kid must learn, if he or she is to be financially literate. The Value of Money I was taught at an early age that money doesn’t grow on trees. Nowadays, some kids seem to think that an infinite amount of money comes from ATMs. There is a story going around on the internet… Read More

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