Money Education for Kids

[SundialMan]

Another good idea from Amazon's #1 book

I got the basics of this idea from Neal Boortz's #1 Amazon bestseller, Somebody's Gotta Say it. Although it is a political book, the last chapter has a down-home way to save some money from people's daily paper money change, a system designed for adults. It will work as well for Democrats as Republicans. I modify it here for kids.

For kids, I'd scale the suggestion from the book to kid's typical money amounts, i.e., see if they could save just the dimes they get in change, put them in a piggy bank (like the ones I mentioned in earlier articles on this thread). After a month, even you will be surprised how much they will save. After a year, that goes, well obviously times 12 (12X). For some kids with bigger cash flow, saving quarters will work better.

I'm old enough to remember when a Hershey's bar was 10 cents and an ice cream cone with sprinkles was 15 cents - and I don't have any kids at home, so maybe I'm way off base here in terms of 2007 prices. Perhaps everyone uses quarters these days and saving all or half their quarters is a better strategy. You'll have to work the details out for yourselves. Let me know - on this thread - if any of this suggestion gets you good results. And I suppose you will let me know if it brings unwanted results, as well. But I think this can be positive and rewarding.

[SundialMan]

Something to watch out for from Amazon's #1 book

I again bring up Neil Boortz's book "Someone's Gotta Say It." And I want to discuss one topic from it: private property and public school educaton. This topic is only politically controversial if you believe private property is bad. Since I'm posting on a stock traders' board, I will assume that isn't a great controversy here, for most readers.

Starting on p. 72, Boortz, who has a call-in radio show in Atlanta, talks about kids going to their first day of school in America these days with their new pencils and school supplies bought in response to a list of suggested/required items sent to parents. In a number of cases, when they get there, the teacher will confiscate the supplies and pool them under her/his control "for the common good," doling them out as The Authority sees fit. In short, the kids aren't entitled to the private property their parents gave them. When Boortz said this on the air, many callers stated he was full of it, as some of you are saying about me right now. But he started to get feedback from callers (and I assume emails) saying this was, in fact, true in the school world these days. It is basic indoctrination into collectivism with no one having rights to individual property. And it should be fought. There are apparently teachers who think it is the right and proper thing to do to indocrinate small children into thinking private property is innapropriate, not allowed, etc.