(Some links included in this article may be from our advertisers. Read our advertiser disclosure.)

Week’s Best from Kid Wealth (#2)

I’m back with some more of the best things I’ve seen in the news throughout the week. If you find any cool stuff that you want to share, follow @KidWealth on Twitter and tweet me those findings.

  • I want to start off with the funding of Berryville on Kickstarter. It was already funded by the time I saw it. It was easy for me to decide to back it. Gamifying financial literacy for kids makes so much sense. I was interested in being more involved, but I didn’t think it made sense to pay a lot of money to be a beta tester. I’d rather support other financial literacy projects.
  • Rob Phelan shared a story about regretting a big spending decision as a kid. It’s a great story that goes far beyond that description.

    Our kids are 8 and 9. They saved up to buy a Nintendo Switch before the pandemic and they haven’t regretted it one bit. They use their birthday money to buy a Pokemon game or expansion pack and they get a ton of use out of it. Maybe in the next couple of years, they’ll have more wants to save up for.

  • Blue Tree Savings (the author behind Grandpa’s Fortune Fables) explains tricks companies use to get us to spend more money. I second the recommendation of seeing Super Size Me 2: Holy Chicken. Also, I spent years as a pharmacy technician in high school and college without knowing that paracetamol is another name for acetaminophen. It’s a Europe thing.
  • MoneyTime won an
    Eifle Award for Children’s Education Program of the Year: Financial Responsibility & Decision Making. I’ve reviewed MoneyTime before and I highly recommend it for tweens and teens
  • Finally, I’ll end with my own tip. Buy discounted groceries with your kids. A month ago (April), I came home with highly discounted Elf cereal. Yesterday, I brought home Easter egg pasta that was $0.49/lb. I bought it because it’s fun, but also to show the value in hunting for bargains. It tastes just as good at a fraction of the price.

Have a great weekend and I’ll be back next week with new kid money tips.

Print Friendly, PDF & Email

Brian MacFarland has reached more than 10 million people on his personal finance journey to financial independence.  He’s been featured in the Washington Post, U.S. News and World Report, and Lifehacker.

Read more on the About page.

If you enjoyed this article please Support Kid Wealth

Leave a Comment

Your email address will not be published. Required fields are marked *