Half of Indiana's kids graduate from high school without any lessons in financial management, investing or even balancing a checkbook. One in four doesn't get a course in basic finance. With our state ranked in the top 10 nationally for bankruptcies and foreclosures, it's time to reverse those trends and help our kids put a little sense into the business of dollars and cents!
| Name: | pat
Tuesday, June 16, 2009 |
| Comment: | we have decided to stay-cation this year. Each kid has a day to plan and a budget for it, including how far we are willing to drive. We will go along with each kid's choices. They'll learn family budgets have real meaning. |
| Name: | dani
Tuesday, June 16, 2009 |
| Comment: | Our oldest is 5 now, and we started a 529 plan for him. While we might have done it sooner, better late than never! We have asked family to put money in it for each birthday and holiday. We will, too. |
| Name: | marlena
Tuesday, May 26, 2009 |
| Comment: | We recently refinanced our house, and talked with our kids about how and why we made the choices we did. We weren't in trouble on our mortgage, but it was still a great teachable moment with all the mortgage talk out there now. |
| Name: | Justin
Friday, May 15, 2009 |
| Comment: | I think it is important to plan big purchases, like a vacation, with your kids, so everyone is clear about food, spending money, limits and opportunities. We give our kids the chance to earn extra spending money for vacations. |
| Name: | LaShea
Friday, May 15, 2009 |
| Comment: | I learned the hard way about the difference between a credit card and a debit card. Record each transaction and pay attention to the fees. They can mess you up! |
| Name: | martha
Friday, May 15, 2009 |
| Comment: | My dad always said to stay out of debt, shop for what you need, and I'd add stay away from payday lenders and rent to own places. |
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