Today marks the 11th Deposit for the 52 Week Financial Challenge. Deposit Information is as follows:
Week #11
Weekly Deposit = $11.00
Total Saved = $66.00
In 3 more weeks you will have saved over $100.00. Keep it up and donʻt give up.
Friday, March 15, 2013
Monday, March 11, 2013
Week #10: Financial Challenge
I was so excited about my first Financial Literacy Workshop last Friday that I forgot to post a Financial Challenge Deposit Reminder, so here it goes...
Week #10
Deposit Amount: $10.00
Total Savings: $55.00
Weʻre in the double digits for deposits so make sure you adjust your spending to make sure you can make your deposits.
Week #10
Deposit Amount: $10.00
Total Savings: $55.00
Weʻre in the double digits for deposits so make sure you adjust your spending to make sure you can make your deposits.
Friday, March 8, 2013
My First Financial Literacy Workshop was a Success
Today I was given the opportunity to speak to parents who attend a parent participation preschool about how to talk to their children about money. There were six parents in attendance, although I wish I could have reached a larger audience, having a small group for my first workshop like this helped to keep the entire group engaged.
The workshop was titled "Money Talks for Kids (Pre-K Edition)." We discussed the following topics:
- Financial goals for your keiki
- Why it is important to talk to your keiki about money
- What kind of example are you currently setting for your keiki about finances and money.
- What kind of example do you want to set for your keiki about finances and money.
- How to teach the value of money to your keiki
- Age appropriate activities to help teach your keiki about money and related concepts
- How to battle the "gimmies" (when your keiki nags for items at the store /expects gifts from relatives)
- Tips and advice on how to start a chore/allowance system with your keiki
Because it was a small group, I sat with the group in a circle and we were able to have an open dialog about these topics. I compiled some information to re-cap the workshop. I wanted to highlight some insights that this group was able to provide. Of my participants, 66% of them were self-taught about finances and money, however 100% of them believe that it is the responsibility of the parents to teach their children about money and finances. Knowing this bit of information helps to reiterate how important it is for parents to be their child's first teacher when it comes to money and finances. I now have some data and feedback from this small group to be able to create a curriculum to reach this demographic.
One comment left by a participant, let me know that I was able to reach my participants and bring them a new way to think about money. She wrote the following on her evaluation and feedback form "I have learned how to look at money differently and how to use it wisely." If I can touch just one person's life each day, I know that I will help others to live a life with less financial worries and have a better financial future.
This first experience was a success in my book. I look forward to making a career out of helping others through workshops like this. I have another one scheduled in April, but the audience is college students. I'll be sure to post about my experience.
The workshop was titled "Money Talks for Kids (Pre-K Edition)." We discussed the following topics:
- Financial goals for your keiki
- Why it is important to talk to your keiki about money
- What kind of example are you currently setting for your keiki about finances and money.
- What kind of example do you want to set for your keiki about finances and money.
- How to teach the value of money to your keiki
- Age appropriate activities to help teach your keiki about money and related concepts
- How to battle the "gimmies" (when your keiki nags for items at the store /expects gifts from relatives)
- Tips and advice on how to start a chore/allowance system with your keiki
One comment left by a participant, let me know that I was able to reach my participants and bring them a new way to think about money. She wrote the following on her evaluation and feedback form "I have learned how to look at money differently and how to use it wisely." If I can touch just one person's life each day, I know that I will help others to live a life with less financial worries and have a better financial future.
This first experience was a success in my book. I look forward to making a career out of helping others through workshops like this. I have another one scheduled in April, but the audience is college students. I'll be sure to post about my experience.
Saturday, March 2, 2013
Continued Money Lessons of a 5 Year Old: Part II
Last weekend Kū had another visit to the Dentist. When the procedure was over he was allowed to pick a toy from the drawer. There was a lot of things to choose from, tattoos, stickers, toy cars, army men, etc. But to my surprise, he chose a pack of play money. He said now he can learn about "Big Money" since he knows all his coins. The fact that at the age of 5 he is eager not just to be able to play with the "play money" but knows that he can also learn from it makes me very proud.
There are simple things we can do to teach our children about money. Allow them to help you compare prices when you are at the store, show them different denominations as you pay for things at the store. They may make your trip last a little longer than youʻd like, but the lessons your children will learn will be well worth the time.
There are simple things we can do to teach our children about money. Allow them to help you compare prices when you are at the store, show them different denominations as you pay for things at the store. They may make your trip last a little longer than youʻd like, but the lessons your children will learn will be well worth the time.
Friday, March 1, 2013
Continued Money Lessons of a 5 Year Old: Part I
My 5 year old son never ceases to amaze me. In the short time we have been actively implementing Financial Education with him, he has grown to be such a money wise young man.
The other week my co-worker gave me $5.00 to give to him to get a Jamba Juice. So that evening during dinner I told him, Aunty gave you $5.00 and before I could even say "for a Jamba Juice" he said "Now I can get my Ninjago game!" because he knew he was about $5.00 short of his goal to be able to buy it. So last week, I took him to Toys R Us to get his toy. I made him stand in line and hand the cashier his money, he even was very adamant about her not putting it in a plastic bag. (I guess he pays attention to me when we go to the store, because I try to avoid plastic bags as much as possible). I then made sure he got his change and receipt. When we got back to the car, we went over the receipt. He wasnʻt very interested in learning how to read a receipt, but I wanted to make sure that he knew why he got a receipt and what kind of information was on it.
While at the store, the family that was in front of Ku had a young girl probably around 4 or 5 years old with a couple of toys on the counter. The cashier told the family their total and the mom turned to the little girl and said ok, open your wallet and give the lady your money. She opened her wallet and stared at her mom because it was stuffed with bills and coins. So the mom helped her count it out to make sure she had enough to cover the total. The cashier was very patient during this process and the mother turned to me and apologized for making us wait. I told her that it was fine and that I was glad to see another parent teaching her child about spending money.
When we were done with our transaction, I overheard the cashier say to her co-worker, wow these kids have a lot of money nowadays. I walked out of that store happy, knowing that other parents are being proactive in teaching their children about money. I also walked out happy because my son reached his savings goal and was able to purchase his toy with him own money.
The other week my co-worker gave me $5.00 to give to him to get a Jamba Juice. So that evening during dinner I told him, Aunty gave you $5.00 and before I could even say "for a Jamba Juice" he said "Now I can get my Ninjago game!" because he knew he was about $5.00 short of his goal to be able to buy it. So last week, I took him to Toys R Us to get his toy. I made him stand in line and hand the cashier his money, he even was very adamant about her not putting it in a plastic bag. (I guess he pays attention to me when we go to the store, because I try to avoid plastic bags as much as possible). I then made sure he got his change and receipt. When we got back to the car, we went over the receipt. He wasnʻt very interested in learning how to read a receipt, but I wanted to make sure that he knew why he got a receipt and what kind of information was on it.
While at the store, the family that was in front of Ku had a young girl probably around 4 or 5 years old with a couple of toys on the counter. The cashier told the family their total and the mom turned to the little girl and said ok, open your wallet and give the lady your money. She opened her wallet and stared at her mom because it was stuffed with bills and coins. So the mom helped her count it out to make sure she had enough to cover the total. The cashier was very patient during this process and the mother turned to me and apologized for making us wait. I told her that it was fine and that I was glad to see another parent teaching her child about spending money.
When we were done with our transaction, I overheard the cashier say to her co-worker, wow these kids have a lot of money nowadays. I walked out of that store happy, knowing that other parents are being proactive in teaching their children about money. I also walked out happy because my son reached his savings goal and was able to purchase his toy with him own money.
Week #9: Financial Challenge
Week # 9: Financial Challenge
Todayʻs Deposit: $9.00
Total Savings: $45.00
Now that the deposit amounts are getting larger, plan ahead to incorporate this savings into your budget. If you donʻt have budget...MAKE ONE!
"There are two ways to get a lot of money. Earn a lot, or donʻt spend all that you earn."
- Bill Hettinger
Todayʻs Deposit: $9.00
Total Savings: $45.00
Now that the deposit amounts are getting larger, plan ahead to incorporate this savings into your budget. If you donʻt have budget...MAKE ONE!
"There are two ways to get a lot of money. Earn a lot, or donʻt spend all that you earn."
- Bill Hettinger
Monday, February 25, 2013
Week #8: Financial Challenge
My apologies again for the late Reminder but Friday, February 22 marked week #8.
Week #8
Deposit Amount: $8.00
Total Saved: $36.00
Two months down and 10 more to go. In a few weeks the weekly deposit amounts will be in the double digits. Start thinking of ways you can budget your money to be able to keep up with the deposits for this Financial Challenge. Skip the daily Starbucks or Jamba Juice run a few days a week. Bring home lunch an extra day or two in the week. Have a garage sale.
Week #8
Deposit Amount: $8.00
Total Saved: $36.00
Two months down and 10 more to go. In a few weeks the weekly deposit amounts will be in the double digits. Start thinking of ways you can budget your money to be able to keep up with the deposits for this Financial Challenge. Skip the daily Starbucks or Jamba Juice run a few days a week. Bring home lunch an extra day or two in the week. Have a garage sale.
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