Around here, many of the schools are already back in session. It seems like they start earlier and earlier every year — right along with the back-to-school sales and promotions, and the request lists from the schools that seem to grow like crazy. If you’ve got kids, you know exactly what I mean.
Back to school time can get expensive, especially if you also pair the required items with new clothes & backpacks. But it’s also a great time to talk about money with your kids. I’ve got a VISA gift card giveaway here that can help you do that. (And if you don’t have kids, you can enter too.)
Teaching kids about money
According to a survey that Women & Co. recently conducted with Parenting.com, “84% of moms feel that their child’s school doesn’t do a good job incorporating financial literacy into classroom activities”. (I guess not everyone had an awesome grade school teacher like mine who turned the entire classroom into a mini-economy.)
That makes it critical for us to incorporate financial literacy into the daily lives of our kids. And we can do that by having them actually participate in some of the financial decisions.
There’s no time like the present to help kids learn how to budget and use money wisely. After all, the sooner you start, the more practice they’ll have with using their money skills. Good money habits can definitely last a lifetime.
To enter the giveaway:
If you’re a parent: talk with your kids and ask them to come up with a $50 back-to-school budget. If they had $50 to spend on school supplies, what would they get? Ask them to number the items on their list in order of importance. You might have them actually look up some of the prices to see how many of the items they would be able to get for their $50. This is a good time to talk about what the “must-have” supplies would be (pencils, paper, eraser) vs what the “nice to have” supplies would be (a new backpack, decorative folders, etc.) Then post back here in the comments before August 21st with the #1 item your kids would buy if it were up to them. One commenter from this group will receive a $50 VISA gift card.
Or you can: leave a comment below before August 21st with your best back-to-school savings tip. What’s the best way you know to save money on school supplies, clothing, and all the other expenses that go along with back-to-school time? Even if you’re not a parent, you can reflect back on your own back-to-school days and come up with something. Maybe your mom had a great way of saving money that you’d like to pass on. One commenter from this group will receive a $50 VISA gift card.
And the “fine print”…
Thanks to Citi for providing me with the $50 VISA gift cards for this giveaway. Giveaway is valid in the U.S. only (sorry), is void where prohibited, and ends at midnight Arizona time on August 21, 2012. If you’re in my immediate family you really should know by now that you can’t enter. (But you can still leave a back-to-school savings tip if you like.)
The giveaway winners will be chosen by numbering the entries for each group and then using the Custom Random Number Generator to generate the numbers of the 2 winning entries. If you win and don’t respond to my email or notice in the comments of this post that you’ve won within 7 days of the contest end, I’ll pick a new winner. Not responsible for late or misdirected entries. We have a Rhodesian Ridgeback, and he’s awesome.
Redemption of gift card is governed by gift card terms. If you win and let your child participate in spending the gift card, the child should spend it with parental supervision. (After all, isn’t that the whole point?) Gift cards may not be sold, exchanged, bartered, or transferred. Good luck!Posted in Giveaways, Kids & Money on 08.13.12 with 16 comments.