We’re constantly scouring the Internet looking for articles related to family finances and teaching kids good personal finance habits. You can visit the FamZoo delicious page to see our ever growing list of family finance bookmarks. We’re up to 975 now! Each week, we pick our favorite articles from the previous week and post them here.
The picks for this week are:
Should your kid’s work for neighbors be pro bono or paid? Well, it depends.
Alina covers several interesting points worth reflecting upon in this thoughtful NY Times article. I like the sentiments expressed. Balance and judgement are key.
Family finance guru, Joline Godfrey, who’s quoted in the article, adds some follow-up commentary on the subject here.
Looking for simple ways to introduce basic money concepts to your young children? You might want to try the new children’s book Pretty Penny. It passed the test with Stacey’s 5 year old daughter. Read about their experience here.
Speaking of introducing kids to the value of a dollar, I’m always a sucker for entertaining little vignettes from parents who are rolling out their new “system” to their unsuspecting child. You’ll get a chuckle out of Joey’s story here.
It’s Tim’s fault. Classic.
Bonus video:Lately in his Bank of Dad column, Dan Kadlec has been closely tracking the efforts of the Financial Literacy and Education Commission in Washington DC. In this video, Dan has good tough, direct questions for the new head of the council — John Rogers. John acknowledges and understands the need to educate kids on basic personal finance skills, although he might be a touch too investment focused for my liking.
The real problem? I’m not hearing much of a solid game-plan yet. I’m gonna ssume John will pull one together though. Why? He played hoops for Princeton under the legendary coach Pete Carril. Go Tigers!
Here’s the interview: