Money Management for Kids

Kids will get hands on experience of opening a bank account, writing checks, and opening different accounts such as certificate of deposits (CD's), money market accounts; US Bonds, and mutual funds.

Kids will be taught how to pay bills on-line and by checks.  Kids will get the opportunity to see real bills, such as mortgage/rent, Light, Gas, and water.  Parents will be asked to allow kids to see household bills and to allow them to assist with the process of paying the bills.

Kids are taught basic budgeting skills and the necessity of having good money management skills.

Investing experts will be invited to speak with kids about investing and understanding the basis of the stock market.

Kids are taught how to shop around for good deals on line; compare prices on-line before shopping; the consequences of impulse shopping; understanding needs verses wants

Kids are taught how to use credit responsibly; how late payment can affect their ability to purchase a car, home or start a business.  

Each kids will get the opportunity to speak about low-cost business ideas that they have and about what types of businesses that other kids have started.

Allowing the kids to voice their ideas will help improve their behavior because they feel better when they know that they are being heard.  This will also increase their social skills.

Kids are encouraged and assisted with putting their low-cost business ideas in operation to earn their own money.

The process of earning money gives kids a sense of freedom and independence.

Kids will be responsible for keeping track of what they earn, buying more supplies, and putting money in the bank.  They will be allowed to spend a portion of what they earn and taught how to give to help those in need

This will help the kids to grow in financial responsibility and increase their interest in math.

Kids will be taken on trips to:

Banks - Federal Reserve 

Meet with young entrepreneurs

Meet with investing expert

Stock Market

Manufacturers

Malls and Grocery Stores to compare prices 

The kids will be encouraged to come up with new inventions for kids.  We don't want to put too much on the kids so this phase will take place once the kids are comfortable with their business ideas.  

This phase will increase their interest in science and technology.