Money Education for Kids

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  • SundialMan
    Member
    • Mar 2006
    • 96

    Money Education for Kids

    Over the last few years, I've accumulated some info on teaching children the basics of investing and money. This contrasts with either the negative or non-teaching about money that goes on in schools. I believe this would be a worthy public service. I once recall visiting a toy company annual meeting in a room at the Toy Mart on 23rd Street in Manhattan. One man brought his 10 year old son to teach him something about how investing and stock companies work.

    I've got some ideas here, but if anyone else has something to add, something they know is worthwhile, please post it to this thread.

    Jack

    In each of these websites below, I have substituted "xxxx" for "http" at the beginning of the web address because I believe that is required in posting on Yahoo. To reach the websites, you substitute in "http" in each case.

    from New Zealand, a financial skills website for kids:
    xxxx://www.sorted.org.nz/index_kids.html

    The 4 section piggy bank below can also be duplicated with less expense and more fun personal involvement by using 4 small square juice containers and some colored paper, magic markers and glue.

    the website for the four section piggy bank with savings, spending, investments, donate (charity) sections
    xxxx://www.msgen.com/prod/assembled/home.html

    Talk show host & author Dave Ramsey's book for teaching kids about money
    xxxx://www.daveramsey.com/hope/youth/

    Two listings at Amazon. The first one is the children's money book "Piggy Bank to Credit Card: Teach Your Child the Financial Facts of Life" (Paperback) by Linda Barbanel

    xxxxx://www.amazon.com/Piggy-Bank-Credit-Card-Financial/dp/0517880490/sr=1-1/qid=1163141198/ref=sr_1_1/102-5858894-2425707?ie=UTF8&s=books


    This second Amazon listing is a software program for kids designed by a former officer of the First Women's Bank in NY (they went out of business years ago). It is called "Money Town" By Knowledge Adventure

    xxxx://www.amazon.com/Money-Town-By-Knowledge-Adventure/dp/B0002BQQLY/sr=1-7/qid=1169989786/ref=sr_1_7/002-2255327-0644809?ie=UTF8&s=software

    Granted, this company below that will sell you one share of a stock in a frame is probably overpriced, but you can get some ideas here for gifts for kids, teens, adults to teach them a sense of ownership about stocks. They want $44 just for the frame. I think anyone can do better than that at Home Depot or Staples or wherever.

    xxxx://www.oneshare.com/
  • IIC
    Senior Member
    • Nov 2003
    • 14938

    #2
    I think it is a wonderful idea. I learned some about stocks when I was a kid(I'm 53 now) because mt Great Uncle, Grandfather, Uncle and my Dad were all stockbrokers...I remember going to my Dad's office where they had a gallery and a running ticker up on the wall...There used to be a bunch of old guys sitting there watching.

    I took 4 business classes in high school and once we took a field trip to the old Pacific Coast Stock Exchange...I also have been to the NY and Amex Exchanges (once when I was 16) and again when I took my son to the NYSE in 1993(Amex was closed to tours in 1993).

    In the late 80's and early 90's I used to go down and pick up the hard copies of Dailygraphs every Sat. morning...I paid my son $10 to go thru the books and mark stocks that met certain criteria...It was a real timesaver for me and he liked to do it from the time he was about 9-12 years old....Doug(IIC)
    "Trade What Is Happening...Not What You Think Is Gonna Happen"

    Find Tomorrow's Winners At SharpTraders.com

    Follow Me On Twitter

    Comment

    • skiracer
      Senior Member
      • Dec 2004
      • 6314

      #3
      Originally posted by SundialMan View Post
      Over the last few years, I've accumulated some info on teaching children the basics of investing and money. This contrasts with either the negative or non-teaching about money that goes on in schools. I believe this would be a worthy public service. I once recall visiting a toy company annual meeting in a room at the Toy Mart on 23rd Street in Manhattan. One man brought his 10 year old son to teach him something about how investing and stock companies work.

      I've got some ideas here, but if anyone else has something to add, something they know is worthwhile, please post it to this thread.

      Jack

      In each of these websites below, I have substituted "xxxx" for "http" at the beginning of the web address because I believe that is required in posting on Yahoo. To reach the websites, you substitute in "http" in each case.

      from New Zealand, a financial skills website for kids:
      xxxx://www.sorted.org.nz/index_kids.html

      The 4 section piggy bank below can also be duplicated with less expense and more fun personal involvement by using 4 small square juice containers and some colored paper, magic markers and glue.

      the website for the four section piggy bank with savings, spending, investments, donate (charity) sections
      xxxx://www.msgen.com/prod/assembled/home.html

      Talk show host & author Dave Ramsey's book for teaching kids about money
      xxxx://www.daveramsey.com/hope/youth/

      Two listings at Amazon. The first one is the children's money book "Piggy Bank to Credit Card: Teach Your Child the Financial Facts of Life" (Paperback) by Linda Barbanel

      xxxxx://www.amazon.com/Piggy-Bank-Credit-Card-Financial/dp/0517880490/sr=1-1/qid=1163141198/ref=sr_1_1/102-5858894-2425707?ie=UTF8&s=books


      This second Amazon listing is a software program for kids designed by a former officer of the First Women's Bank in NY (they went out of business years ago). It is called "Money Town" By Knowledge Adventure

      xxxx://www.amazon.com/Money-Town-By-Knowledge-Adventure/dp/B0002BQQLY/sr=1-7/qid=1169989786/ref=sr_1_7/002-2255327-0644809?ie=UTF8&s=software

      Granted, this company below that will sell you one share of a stock in a frame is probably overpriced, but you can get some ideas here for gifts for kids, teens, adults to teach them a sense of ownership about stocks. They want $44 just for the frame. I think anyone can do better than that at Home Depot or Staples or wherever.

      xxxx://www.oneshare.com/
      Jack,
      Everyone here just posts the link or the site address without any xxxx's. Your concerns are most likely not necessary as we all do it here without anyone complaining about any consequences. Nobody fools around with Mr. Markets website or any of the players. We show them a picture of Lyehopper and his crew and that puts an end to it. I wouldn't concern myself with those xxxx's.
      THE SKIRACER'S EDGE: MAKE THE EDGE IN YOUR FAVOR

      Comment

      • IIC
        Senior Member
        • Nov 2003
        • 14938

        #4
        That one share thing is cute but it sorta reminds me of the star my parent's bot me years ago.

        However, here is an idea for kids...DRIP's (Dividend Re-Investment)

        When my son was born and again when he turned 1 my Dad bot him some Colgate stock. The dividends are automatically re-invested at no commission...Every quarter you get a statement.

        He bot some in 1980 and again in 1981. Unfortunately, we never added to it but with the price increase and the additional shares bot w/ the dividends he had a nice little chunk when he sold most of it in 1998...Still has some though.

        "Trade What Is Happening...Not What You Think Is Gonna Happen"

        Find Tomorrow's Winners At SharpTraders.com

        Follow Me On Twitter

        Comment

        • IIC
          Senior Member
          • Nov 2003
          • 14938

          #5
          Originally posted by skiracer View Post
          Jack,
          Everyone here just posts the link or the site address without any xxxx's. Your concerns are most likely not necessary as we all do it here without anyone complaining about any consequences. Nobody fools around with Mr. Markets website or any of the players. We show them a picture of Lyehopper and his crew and that puts an end to it. I wouldn't concern myself with those xxxx's.

          Ski...I don't think that is his concern...At Yahoo Message boards they don't let you post links...or they delete them. You can post them at Yahoo Groups though.

          I think he was just saving time by copying and pasting a post he made at Yahoo.

          Correct Sun?
          "Trade What Is Happening...Not What You Think Is Gonna Happen"

          Find Tomorrow's Winners At SharpTraders.com

          Follow Me On Twitter

          Comment

          • IIC
            Senior Member
            • Nov 2003
            • 14938

            #6
            Here is another idea...Scripophily

            It is a hobby although it can also be a business...Collection of old stock certificates and other documents. It can be quite expensive...I've see some for sale in the 6 figures.

            However, if you just want to buy certs w/ pretty vignettes or you want to concentrate on stocks in a certain industry you can get started on the cheap.

            We have jillions of old certs...some well over 100 years old. Railroad and Mining cos. were all over the place in the late 1800's and early 1900's. Many are very attractive. If you Google Scripophily you'll find dealers
            and clubs.

            Don't be scared off by the prices they list...The most I ever paid for a cert was $30...and the majority were under $3.00 with some under a buck when you buy like 20 for $19.95.

            You can find them on Ebay sometimes and if you search you can find them.

            "Trade What Is Happening...Not What You Think Is Gonna Happen"

            Find Tomorrow's Winners At SharpTraders.com

            Follow Me On Twitter

            Comment

            • skiracer
              Senior Member
              • Dec 2004
              • 6314

              #7
              Originally posted by IIC View Post
              Ski...I don't think that is his concern...At Yahoo Message boards they don't let you post links...or they delete them. You can post them at Yahoo Groups though.

              I think he was just saving time by copying and pasting a post he made at Yahoo.

              Correct Sun?
              I would never disagree with you Doug although you might be slipping as I left a mistake in one of my latest posts and you missed it. I didn't know that about Yahoo having never posted there. Thanks.
              THE SKIRACER'S EDGE: MAKE THE EDGE IN YOUR FAVOR

              Comment

              • IIC
                Senior Member
                • Nov 2003
                • 14938

                #8
                Originally posted by skiracer View Post
                I would never disagree with you Doug although you might be slipping as I left a mistake in one of my latest posts and you missed it. I didn't know that about Yahoo having never posted there. Thanks.

                Finding mistakes in your posts is a full-time job Ski...LOL
                "Trade What Is Happening...Not What You Think Is Gonna Happen"

                Find Tomorrow's Winners At SharpTraders.com

                Follow Me On Twitter

                Comment

                • SundialMan
                  Member
                  • Mar 2006
                  • 96

                  #9
                  I think he was just saving time by copying and pasting a post he made at Yahoo.
                  - Correct, Sun?

                  No. I am used to the Yahoo message board rules. When I first used the "xxxx" here, I stated that unless someone corrects me, I'll keep doing it. Now I have an explanation of the differing rules here and will cut out the "xxxx" substitution. Thanks, everyone.

                  Jack

                  Comment

                  • skiracer
                    Senior Member
                    • Dec 2004
                    • 6314

                    #10
                    Originally posted by IIC View Post
                    Finding mistakes in your posts is a full-time job Ski...LOL
                    Spare me please! Oh then it looks like I was right even if inadvertently Doug. Thank you Sundial.
                    THE SKIRACER'S EDGE: MAKE THE EDGE IN YOUR FAVOR

                    Comment

                    • IIC
                      Senior Member
                      • Nov 2003
                      • 14938

                      #11
                      Originally posted by skiracer View Post
                      Spare me please! Oh then it looks like I was right even if inadvertently Doug. Thank you Sundial.

                      Well...Congratulations Ski...There's a first time for everything...lol

                      The reason that Yahoo doesn't allow the links on the Public Message Boards is to reduce Spam...You can thank me for that...Just Kidding...I rarely read the Mesage Boards there anymore but years ago the spam was pretty annoying.
                      "Trade What Is Happening...Not What You Think Is Gonna Happen"

                      Find Tomorrow's Winners At SharpTraders.com

                      Follow Me On Twitter

                      Comment

                      • skiracer
                        Senior Member
                        • Dec 2004
                        • 6314

                        #12
                        Originally posted by IIC View Post
                        Well...Congratulations Ski...There's a first time for everything...lol

                        The reason that Yahoo doesn't allow the links on the Public Message Boards is to reduce Spam...You can thank me for that...Just Kidding...I rarely read the Mesage Boards there anymore but years ago the spam was pretty annoying.
                        Yes there is but did you mean for me being right or you being wrong?
                        THE SKIRACER'S EDGE: MAKE THE EDGE IN YOUR FAVOR

                        Comment

                        • IIC
                          Senior Member
                          • Nov 2003
                          • 14938

                          #13
                          Originally posted by skiracer View Post
                          Yes there is but did you mean for me being right or you being wrong?
                          Good point...You are not as stupid as everyone says you are...LOL

                          Sorry...I just couldn't resist.
                          "Trade What Is Happening...Not What You Think Is Gonna Happen"

                          Find Tomorrow's Winners At SharpTraders.com

                          Follow Me On Twitter

                          Comment

                          • skiracer
                            Senior Member
                            • Dec 2004
                            • 6314

                            #14
                            Originally posted by IIC View Post
                            Good point...You are not as stupid as everyone says you are...LOL

                            Sorry...I just couldn't resist.
                            And neither could I. Wait until you go to start you car in the morning.
                            THE SKIRACER'S EDGE: MAKE THE EDGE IN YOUR FAVOR

                            Comment

                            • IIC
                              Senior Member
                              • Nov 2003
                              • 14938

                              #15
                              OK...I'll let you have the last word Ski...THIS TIME!

                              Anyway, we are getting O/T here...I like the idea of this thread.

                              Any comments on my posts Sun?...thx...Doug(IIC)
                              "Trade What Is Happening...Not What You Think Is Gonna Happen"

                              Find Tomorrow's Winners At SharpTraders.com

                              Follow Me On Twitter

                              Comment

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