Comments on: Prepping Kids (Part 3)

By: Angela w

Angela w — Thu, 08 Jan 2009 16:57:51 +0000

wow im so excited about the planner i haven’t had a chance to keep up with the blogs the last few days, crazyness.

By: Fabulously Broke

Fabulously Broke — Thu, 08 Jan 2009 15:55:17 +0000

I am loving this series! Am saving all the advice on my palm for future reference. Am also linking to this to spread the word about what people should do with their kids to start them off right. Wish my parents had done this. I may not have learned the hard way... Fabulously Broke in the City Just a girl trying to find a balance between being a Shopaholic and a Saver...

By: Kathleen

Kathleen — Wed, 07 Jan 2009 18:54:25 +0000

These are all such great tips for teaching money and life lessons. My daughter is only 9 months old but Gail’s show and blog had me pondering already how to teach her valuable money and life skills. I never really had any formal teaching from my parents. But I’ve managed to turn out okay — I’m debt free, I have savings, insurance, a will, and a good life.

I think I’ll share these money and life lessons to my sister and brother-in-law! I won’t even bother kidding myself that I’ll be “teaching” them. It’s that old saying about leading a horse to water…

Looking forward to the next blog!

By: Pol

Pol — Wed, 07 Jan 2009 18:44:10 +0000

A lesson that I will be instilling on my kids are the joys of internet banking! After I check my mail, I take five minutes to sort and delegate every piece. If it’s a bill, I st down at my computer and DEAL with it right then and there! I set the transaction for 3 days before the due date and write that on my calender and make a note including the tracking number on the bill. And bravo! No fear of losing the bill, no fear of late fees!
Procrastination is my nemesis, but not with the bills since internet banking.

By: AnnaM.

AnnaM. — Wed, 07 Jan 2009 18:15:07 +0000

Thanks for the great info!

By: Diana

Diana — Wed, 07 Jan 2009 17:01:43 +0000

Great information. My oldest will also (hopefully) be going to college or university soon and I am going to do much of what you’ve suggested.

I would like to know, though, what you suggest for younger children besides the jars idea. My daughter is fantastic at saving her money. Infact she asked me to bank all her money she got for christmas. Othertimes though she’s a little spender. She’s only 7 so I’m trying to determine how to get her more aware of what things cost besides taking her shopping with me and explaining how much she has to spend (or I have to spend) and how I have to make choices based on what the final bill will be.

By: Erran

Erran — Wed, 07 Jan 2009 15:52:13 +0000

“I know a young man who never wanted much. With little desire came a small amount of ambition. Despite being very bright, he never excelled at school. He never much cared what kind of job he had or how much he made. He sort of just coasted, eking out just enough. He had been taught this lesson by a stern mother who made it clear from he was a tot that he shouldn’t want anything because he wasn’t going to get it. The lesson stuck.”
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Thanks Gail…this may explain a few things for me sadly…

By: Amber

Amber — Wed, 07 Jan 2009 15:30:05 +0000

I really like EMS #5. It’s one that I’m starting to work on (albeit in very small ways) with my preschooler. The idea that if you want something you need to plan for it. I think this is the one where so many adults fall down – that you can have what you want, but you might need to plan and save to get it.

By: Lisa

Lisa — Wed, 07 Jan 2009 14:40:07 +0000

Wow…I have become an addict..lol…what great posts this week. My kids always thought the magic card would work when you get to the bank machine, after getting there own and being able to look online at how much money they have in their account…they start to realize.
I just received my planner and am excited about. What a fabulous job!!! Looking forward to reading your posts and watching your show..its become a regular tv show that Hubby and I both watch together….we are learning lots too.

By: Saver Queen

Saver Queen — Wed, 07 Jan 2009 14:21:44 +0000

This is a thorough lesson on a very important topic. It’s so great to think that your show and your blog are having a cyclical effect by helping parents make sure that their kids are better equipped to manage money and make these tools work for them, instead of having to learn everything the hard way.