I’d heard about stuff like this before but this was my first real exposure to it. $300 in overdraft fees. In response to my question, “What are some of your experiences with money?” Josh, a 19-year old in my young adult money class answered, “I cut up my debit card.” That’s when he told us of his overdraft experience. He didn’t realize that the bank would continue to pay for his debit card purchases even though there was no money in his…
I use my husband and kids as guinea pigs. That’s what I was doing one evening during dinner when I handed everyone a post-it note. I was practicing a lesson I was planning on teaching the next day to a group of fifth graders. “Write down five numbers from 1 to 47 on your post-it. You can use your favorite numbers or simply choose random ones. It doesn’t matter. If you match any of the five I write down, I’ll…
I am always impressed by how frugal kids become when it’s their money they’re spending. Nathan and Ryan received their clothing budget and have started shopping. Neither one has spent all their money yet. But that’s okay, it’s theirs to use until spring when they get a smaller budget for summer clothes. Here’s what I love. Both boys have been shopping sales and using coupons. In fact, they don’t want to spend any money at all unless there’s some sort…
Nathan and Ryan received their back-to-school budget. But first they had to submit a list of the things they were planning on buying. Their budget, $325 each, is meant for all their clothing needs for the new school year. Shoes included. Ryan received his money in cash. He was so excited to have that much money in cash, he took a picture of it with his phone. Wait til he sees how much $325 really buys. Nathan got his money…
Ryan and two of his friends were hanging out the other night. Earlier in the day before either friend came over, Ryan had been MySpacing one of them about buying baseball cards on ebay. His friend had bought a Willie Mays card several months ago as an investment. According to him, it has already increased in value. That’s when Ryan’s little ears perked up. Ryan is all about investments. He knows he has time on his side and he’s willing…