Debt Movement Roundup: Debt Free Kids

5346217382_5085573773If you are visiting the Debt Movement site chances are that you are in debt yourself, know someone in debt that you would like to help, or have been in debt at one point in your life and want to offer your support. No matter why you are here, the opportunity to learn presents itself as you listen to other people’s stories, learn new money tips and tricks, and utilize all of the resources found on this site.

We want you to take that hard earned knowledge and pay it forward. Make your first payment to your kids. Give them the tools you may never have had to be successful money managers. Give them the opportunity to live a debt free life.

How many of us can say that we are currently  teaching our kids about money? Not just how to count it, I mean real life practical money skills like budgeting, saving, and spending wisely. If not, there is no time like the present to get started. This week’s roundup includes articles that can help you start the conversation and even make it fun.

  • Good Financial Sense 4 Practical Money Skills You MUST Teach Your Children“Here arefour of the most basic practical money skills that everyone should have and how to teach them to your children.”
  • Joe Taxpayer Bad Habits Start Young “How about the 99%? All of the kids who are getting an allowance but spend it as fast as it comes in? It seems this snippet of a story may be the preface to the longer tale of the low saving rate in the US, and why at the back end so many have failed to prepare for retirement.”
  • Wisebread What Helped You Become Financially Aware? “What moments in your life helped shape your current relationship with money? What led you here as a fan of this site or this topic? Did your childhood help set up you up for healthy relationship with money later in life, or did you have to overcome some negative modeling before you found your groove?”
  • Enemy of Debt Just Say No! “All of those, “Can I have this?” “Will you buy me that?” “I really need this!” are easily answered with the word no. Despite your previous thoughts that saying no would push people away and make you look bad, quite the opposite is true. You are seen as a strong person ready to take on the next task, project or expense, when you want to.
  • Five Cent Nickel Board Games: Stretching Your Entertainment Dollar “This was not just a ploy to tear my boys away from the screens, but a financial boon. I had been paying $10 a month for a Minecraft server, so my oldest could play with his friends online. I had to field the requests for in-game cash in whatever iProduct game the boys were playing with such regularity that I had begun to use iTunes credit like most parents use dimes and quarters in a jar: they get points for good behavior, which go towards iTunes.”

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About the author:

Suzanne is a Certified Personal Finance Counselor® and Social Media Specialist for CareOne Services, Inc. She supports the Ask the Expert forums as a coach and writes for A Straight Talk on Debt. Suzanne is a divorced, single mom living in Pennsylvania.