Posts Tagged "children"
April 26, 2012
Pennsylvania Strong in Fin Ed – For Now
Talking to teenagers taking personal finance at Panther Valley High School in Pennsylvania made me wonder why these classes aren’t a top priority everywhere.
These kids are even teaching their parents a thing or two about money. Jordan Kulp saved her mother $30 by finding a scooter for a cousin’s baby that her mother had wanted to buy on a shopping channel. Now that Jake Gulla’s mother sits in on his personal finance class, she is “spending [money] a little more wisely.”
And William Digiglio’s father wanted to sell a shield for $100 that Chris Evans apparently carried in the “Captain America” movie. William put it up for sale on eBay and snared $20,000 for the shield, which his father had won in a contest. For class projects, “we had to research rather than taking them for face value,” he explained.
These Panther Valley students have helped make Pennsylvania, for a third year running, the state with the highest number of students scoring in the top 20 percent on the federal government’s 2012 test for the National Financial Capability Challenge (NFCC), according to Mary Rosenkrans, financial education director for the state’s Department of Banking.
Pennsylvania also had the highest number of students who took the test (7,404) and the highest number of participating schools (123). (Oregon had the highest average test score: 79.5 percent, compared with 69 percent nationwide.)Learn More
April 24, 2012
Marriage Negotiation: Of Chimp and Man
We human beings are close evolutionary cousins of the apes, closest of all to the chimpanzee and the bonobo. But economist Paul Seabright explains in his new book, “The War of the Sexes,” that male-female relationships differ from ape relationships. Squared Away asked Seabright to explain how evolution shapes financial negotiations between marriage or other partners. It all comes down to competition and cooperation, he says.
Q: Human behavior is determined by evolution?
Seabright: Yes. When Charles Darwin wrote “Origin of Species,” he was very, very cautious about saying too much about human behavior, because it was such a big thing to get people to swallow [that] we’d descended from animals. To talk about how human behavior was physically shaped, he didn’t do that until he wrote “The Descent of Man.” My book takes up the question of how much relations between men and women in modern society are shaped by our great ape inheritance.
Q: What is our evolutionary connection to the chimpanzee?
Seabright: The chimpanzee and the bonobo are like our two cousins. We share grandparents with them, a species that no longer exists, and all of us share great grandparents with gorillas. But we [humans] did this funny thing, which is we went into having kids who took much longer to raise. That’s relevant to financial behavior, because we have to look out for the future including the future of our kids, and there’s something especially human about that. Other species look after their kids, of course, but it’s a much bigger deal for us. …
April 19, 2012
Middle Schools Vie in Video Contest
The Massachusetts Financial Education Collaborative (MFEC) had one big reason for targeting its video contest to middle school kids: advertising.
“Hey, you gotta have a cell phone. You gotta have these jeans. The contest seemed like a great way to bring awareness” to the issue of kids and our consumer culture, said Andrea Wrenn, mother of five, education consultant, and the MFEC volunteer who oversees the contest.
Two Massachusetts middle schools submitted videos exploring kid consumerism in the first year of MFEC’s contest: the Norwell Middle School and the Hill View Montessori Charter Public School in Haverhill.
Squared Away encourages readers to support the new effort by clicking here to vote for your favorite video! The voting deadline is April 27.
The contest is among the creative ways communities are encouraging children and teenagers to learn about the money issues they deal with – a play recently staged by Cambridge high school students was another.Learn More
April 5, 2012
The Family That Dines Together…
New research adds a dash of spice to our understanding of how people handle their personal financial matters: families who dine together grow wealthy together.
Three professors at the University of Georgia have discovered that families who commit to gather regularly around the dinner table – or, presumably, dine out or cook together – are better prepared financially and will accumulate more wealth faster.
As with any statistical analysis, their research can’t prove cause and effect. Is it that dining together causes wealth to go up, or is that families who know how to handle their finances also tend to be the type of people who enjoy meals together?…Learn More
February 2, 2012
Teen Play about Money is “Eye Opening!”
“Money Matters,” a play that opened last weekend in Cambridge, Mass., demonstrated the financial wit of its teenage actors at the same time that they – and the audience – embraced the complexities of money.
Credit versus debt, income differences among classmates, money and relationships, certificates of deposit, needs versus wants – this only scratches the surface of the subject matter in the Youth Underground theater production, which begins touring the Boston area in February.
The actors clearly were having fun, but their performance served as an educational tool that might be replicated. For example, the screenplay was based on the actors and other teenagers’ 80-some interviews of community residents about their financial viewpoints and mishaps. The stories generated ideas for the vignettes that were stitched into a screenplay.
“Very eye-opening!” audience member Cameron Netland, 16, said after the performance.
“I learned the difference between saving and spending and between debit and credit!” said Aaliyah Nathan, 14, who, wearing black suede boots to the performance, admitted a weakness for new shoes. …Learn More
December 16, 2011
Money Games Are Great Gifts for Kids
The Boston Globe is providing a cool list of holiday toys for your children, to help them learn early and often about handling money – while it can still make a difference. In July, Squared Away wrote about another idea that would make a fine gift – call it “not your average piggy bank.” A May blog post was about a great book to teach children about what bank accounts are all about.Learn More
July 20, 2011
There’s an App for That Child!
Susan Beacham’s company has sold nearly one million of its piggy bank with four slots – for spending, saving, donating, and investing. She has now developed an iPhone application based on the iconic pig.
Children who use the clear blue piggy bank like to watch their money clink to the bottom of one of the four separate sections in the pig’s innards. Beacham has developed an entire curriculum around the four choices. The Money Savvy Pig has been adopted as a teaching tool by more than 200 Chicago public schools and by school systems in Seattle, North Dakota, Europe, and elsewhere.
The idea behind the game app, called “Savings Spree,” is the same: to help children “strengthen the muscle of choice and, therefore, their self-regulation and self-control,” said Beacham, chief executive of Money Savvy Generation Inc., a small, mission-driven company employing four people. …