13 Comments

  • Wanda Thibodeaux
    September 12, 2012

    Great article. In particular I like that you mention goal setting. I think this is so important, because as kids move toward adulthood, they need to learn how to think progressively and set their own goals related to money. I found that http://www.bankaroo.com is a fabulous tool for helping kids set and track their goals early on.

  • Ted Jenkin @ oXYGen Financial
    September 13, 2012

    Thanks for the comment and the resource!!! Also check out these articles – The Best Financial Move A Young Adult Can Make Get A J-O-B! and Getting Your Children Started With Stock Investing

  • September 14, 2012

    Your kids can borrow for college, but you can’t borrow for retirement! :-)

  • September 15, 2012

    Michael,

    Great comment and SO TRUE!!! You can’t borrow for retirement. Apparently the Government still can but we cant!

    Ted

  • September 17, 2012

    Four great ideas! I had never considered teaching them exactly how you save money on travel. You’re right – it’s so tempting to stay INSIDE the park at Disney so the kids can have an authentic Disney experience, but that’s just silly when you put it in these terms. :)

  • Ted Jenkin @ oXYGen Financial
    September 17, 2012

    Lena,

    This is what I ask myself now — is spending the extra money for things like staying in the park more for ‘me’ or more for ‘them’ — pretty much they’ll probably only remember the ride on Space Mountain as well!