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What You Can Learn by Teaching Your Kids About Finances

April 19th, 2012 - Category: Financial Literacy, Uncategorized

Research shows that most Americans have poor financial literacy and fail to plan ahead for major life events such as retirement and paying for children’s education. Parents who are actively teaching their children about finances and money management are bound to learn a few lessons themselves—and maybe practice what they preach more religiously. “To teach is to learn twice,” wrote French essayist Joseph Joubert, and that sentiment rings true for parents teaching financial literacy to their kids, says Stephen Rhodes, CFP, managing principal of Strategic Partners Wealth Management in Creve Coeur, Mo. “When you are responsible for teaching your kids… Read the Rest

MyJobChart.com Welcomes Heifer International as Premier Charity

April 19th, 2012 - Category: Teaching Kids to Give

Young users experience the joy of helping others by donating livestock to Families in need

Beginning Habits of Money Management

April 11th, 2012 - Category: Budgeting, Money

Remember when we suggested that your kids (and you) keep track of every cent spent for 30 days? How is that going for your family? Hopefully, it’s starting to become a habit – one that will continue beyond the initial 30 days. It’s important to have a clear picture of your spending habits as they really are and not as you may think they are. Remember, this is not a time to make judgments on how your kids (or you) handle money – this is simply to track spending habits, not change them; at least, not yet. Record-keeping helps take… Read the Rest

April is National Financial Literacy Month!

April 4th, 2012 - Category: Financial Literacy, Money

April is also known as a time of fresh starts and renewals which makes it a perfect time to start teaching our kids about financial literacy, if we haven’t been doing so already. It might be surprising how easily young children can grasp the principle of “financial literacy” when presented to them through stories and videos. Help them recognize the choices characters in TV shows or books make when it comes to managing their money. For example, when a character makes a purchase, discuss if it was a “need” or a “want” and if it was “planned spending” or “unplanned… Read the Rest

Eye-opening 30 Day Experiment on Budgeting

March 27th, 2012 - Category: Budgeting, Financial Literacy

In the last post, we talked about parents needing to be good examples for their kids when it comes to money management. Businesses and corporations track very single penny earned and are aware of how each dollar is spent. While basically all adults have “an idea” of how much they are spending on things, not everyone keeps careful records. Many simply employ the “fly by the seat of your pants” type of money “management.” When a paycheck is earned, they pay the most pressing bills, buy some groceries, get some gas in the car and then try to hang on… Read the Rest

Financially Smart Kids are Happy Kids ~ My Job Chart Kids are Happy Kids

March 15th, 2012 - Category: Money

Everyone wants their kids to be happy. If you asked a dozen people, especially children, to define happiness you would most likely get a dozen different answers. If you look up happiness in the dictionary, the word contentment comes up the most and if you check contentment, you get “a feeling of satisfaction.” Let’s go one more … look up satisfaction and you get “the fulfillment of one’s wishes, expectations or needs.” If you are content and satisfied with your life, you are bound to be happy. Few things cause more discontent than money woes. Even very young children can… Read the Rest

Could Using My Job Chart Improve Your Child’s Financial Literacy?

February 29th, 2012 - Category: Financial Literacy

We all want our kids to grow up and be able to make wise financial decisions. But research indicates that most young people leave home with very little practical knowledge and experience in this area. A 2010 Financial Literacy Survey of adults, conducted on behalf of the National Foundation for Credit Counseling, Inc., revealed that 34%, or nearly 77 million people, gave themselves a grade of C, D or even F in their financial literacy skills. [National Financial Literacy Survey Reveals Silver Lining, April 13, 2010, http://www.nfcc.org/newsroom/newsreleases/files10/FLS_ReleaseFINAL2.pdf] When kids actually earn their own spending money they are generally more careful… Read the Rest

My Job Chart offering Free Online Chore Chart with Bonus

February 21st, 2012 - Category: Charts

“MyJobChart.com, an online chore chart was designed to teach young people the concept of responsibility, work ethic and the value of money by giving them a way to earn points for completing their chores and extra jobs. The free site has always offered a way for young users to ‘spend’ their points on rewards they want, ‘share’ what they earn with a chosen charity, or to ‘save’ for the future.” Kids are able to experience the tremendous rewards of earning money for themselves and then of accumulating that money and saving for the future. As they do this they will… Read the Rest

Organization Saves Time

February 3rd, 2012 - Category: Organization

If you’ve ever wasted time looking for something that you knew you had but could not find anywhere, you’ll most likely agree with the motto: “Organization saves time.” Do your kids run all over the house in the morning trying to leave for school but can’t find the report they need to turn in? Have you ever been cooking dinner only to realize you are missing a key ingredient? These types of scenarios can occur in any household but when they happen again and again, it may be time to re-evaluate your situation and try a new plan. Sounds like… Read the Rest

The 3–Legged Stool of Financial Literacy

January 28th, 2012 - Category: Financial Literacy

If you have been involved with My Job Chart for a while, then you have come to appreciate our three main areas of focus: “saving, sharing and spending.” I call it a 3-legged stool. Just for a moment, try to picture a 3-legged stool in your mind.  It generally has a flat round surface from which extend three legs, all the same length and all the same distance apart from each other. When properly built, a 3-legged stool works very well. It is stable, handy and dependable. However, if one of the legs is missing or even broken, the stool… Read the Rest