kids

Underpaid and Underage

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The country might be emerging from a recession, but some British citizens are still feeling the pinch.

According to a new survey the weekly allowance given to kids in Britain is at a seven-year low. A sign that no matter how many of the chores get done, parents are still cutting back on non-essential spending.

The survey conducted by the banking group Halifax interviewed over 1,000 children between the ages of 8 and 15. It found that since last year, the average weekly payout for kids has gone from almost $10 in 2009 to $9.23. This is the lowest paycheck for minors since 2003. And girls are feeling the cutback even more, receiving 6% less than their male peers.  read more »

A Tough Lesson

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Today's generation is driven by text messaging, gadgets and social networking. But with the twenty first century emphasis on technology, kids today need to be reminded of a few simple rules to financial and future success.

In his book "Dumbing Down Our Kids: Why American Children Feel Good About Themselves But Can't Read, Write or Add," Charles Sykes came up with a list of rules to prevent kids from thinking life will be easy and instead prepares them for the certain failures and tests they will face when leaving the nest.  read more »

The First Tee

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The pressure to succeed weighs heavily on each generation. But for today's kids gaining the competitive edge can be as easy as stepping up to the first tee.

Joe Louis Barrow Jr. is CEO of The First Tee; a program that brings the sport of golf to children that otherwise might not be exposed to it. The program also teaches the importance of education and good sportsmanship. Started in 1997 the program now boasts 202 chapters in 49 states and has reached 2.9 million young people. But Barrow says the real score is in the results.

"We have had independent studies of parents that said 76% saw an increase level of confidence in their young people because of their involvement in The First Tee. Another 52% saw an increase in their grade level because of The First Tee."  read more »

Child Care Costs

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The price of gas and food isn't the only thing going up. Now it costs more to raise your offspring.

According to a recent government estimate it costs about $291,000 to raise a child born in 2008 to adulthood. This is up about $23,000 from last years estimate. The number covers food, shelter, education and other necessities for a child to reach 18, it does not take into account the cost of the actual birth, college or any other institutes of higher learning. According to the report, housing accounts for one-third of the expense with food, education and child care each taking up 16% of the cost.  read more »

Protecting Your Assets

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It’s a parents job to protect their children but somethings need to be protected from them, like your bank account.

Wealth managers at a Montreal bank in Canada had been hearing the same thing from wealthy families. They were all scared that their children knew nothing about money and would squander the family fortune. Now the bank has a waiting list for a one day seminar aimed at teaching the children of their high net worth families all across Canada how to manage money.  read more »

Is Gaming Good for Kids?

Remember the TV campaign a few years back that asked the question…”its four o’clock, do you know where your kids are”? Today that question may have a more predictable answer. They are probably ‘video-gaming’.

New research from the Pew Internet and American life project found that while America’s youth does not all play the same games, nearly all of them— girls included—play video games of one kind or another. A broad survey found 99 percent of boys and 94 percent of girls are ‘gamers’.  read more »

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