About Kids Money Tips... The idea for Kids Money Tips started some years ago, after being asked by many people (parents in particular) how I had managed to financially achieve so much in such a short period of time. At the age of 20, I purchased a small acreage in the town where I lived, only an hour from the city. I hadn't given buying my own house/land much thought at such a young age, only looking at the idea when my parents sold their property, and I needed somewhere to keep my horses. I had calculated that the cost of agisting them on someone elses property, was likely to be more than the mortgage repayments on a block of land! As I had always saved a large proportion of my income, I had enough for a deposit, so I purchased the land. By the age of 21, I had built my own 2,500 sq. ft. house on my acreage - all done without any financial assistance from anyone. It was when other parents started asking me how they could help their children manage their money better , that I realised there was a lack of quality information available on this subject. I decided I could help fill this gap and help parents, by putting together a book full of good ideas and plans for teaching kids money. The younger generation these days, is relying increasingly more on credit, often having to work fifty to sixty hours a week, just to stop themselves going bankrupt. They are making the enormous mistake of making money their friend, and letting it control their life. Many parts of society are becoming more & more materialistic, and the banks are taking advantage of this weakness, and are offering people who can't afford it, immediate cash to buy whatever they want. It then becomes a vicious circle, with money then being borrowed to pay out those debts. Why is this happening? A recent survey showed that less than 40% of parents talked about credit cards, loans and debt, and their own family finances with their kids (NorthWestern Mutual, October, 2003). I believe this, along with the increasing materialisim in society, has a lot to do with it. If we can show them as children how to avoid this credit trap, how to budget, and most importantly, how to save, we, as parents, can make an enormous difference to their future. These are life saving skills, that are best learnt as soon as possible. I have designed Kids Money Tips, to teach your child these vital money skills at any age. With stacks of information on what you need to tell your child, how to structure an allowance system that works, backed up by a ton of fun activities & games for any age group, money charts & worksheets. I hope I can help your children, and your children's children have a better life through better money management. Rachel Incoll
Copyright 2006, Rachel Incoll, Kids Money Tips. |