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Category: Earning

How Does a 15-year old Save for a Car?

How Does a 15-year old Save for a Car?

Ryan just bought a car. And she’s a beauty, too. 2002 baby blue (uh, metallic blue) Toyota Prius with only 57,000 miles. Owned by a 91-year old grannie who used it mostly to drive to church and back. No kidding. Problem is, Ryan can’t drive it; never mind he doesn’t have his license. He barely has his permit. And taking an online course to get his permit happened after he bought the car. How does a 15-year old with no…

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Kids Earning Money? Set Up a Roth IRA

Kids Earning Money? Set Up a Roth IRA

I took Nathan and Ryan to our broker this morning to discuss Roth IRAs. Both boys have jobs and I thought it was time to have them begin thinking about their retirement. John and I decided to match any money they made this summer, dollar for dollar, and, well, my boys have never been known to turn down free money. They were all in. I could have easily set up their custodial accounts online but I wanted the boys to…

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Selling on Ebay, A Teenager's Message

Selling on Ebay, A Teenager's Message

I asked my son, Ryan, to write about his experiences earning some additional money by selling things on ebay. Here is what he wrote, unedited by his mother! ~ Ebay can be a great tool to making money, anyone can do it, too. Kids, adults, it doesn’t matter! I’m Ryan, 15 years old, and I have used ebay since I was 12 to make money, mainly because I was too young to get a job. Ebay is extremely easy to…

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Spend to Make? But, of course!

Spend to Make? But, of course!

I hung out in a second grade classroom last week to talk about saving money and then have the students make their own Money Jar.  It was a fun lesson and the Money Jars turned out unbelievable.  Kids and their creativity never ceases to amaze me. While we were discussing money issues, I asked the students how they got money. Of course, the usual answers came up…allowance, chores, birthday money.  Then one little guy raised his hand and volunteered, “You have to spend…

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Are Bribes Okay?

Are Bribes Okay?

I took Ryan with me to hot yoga yesterday.  Nathan had gone a while back with my friend Rebecca and came back with stories about how he’d never sweat so much in all his life.  Then I started going and found out that he was right.  The heat, plus the difficulty of the poses made for a very intense 90 minutes. Ryan likes a good challenge and asked if he could give it a go.  So yesterday we went.  In…

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