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Hey it's never too early to start teaching your kids about money.
Now a new program will try to keep the next generation out of debt and the first step of the jury may be a visit to what credit mountain.
This -- has been poured cold throughout the ages and how beyond shall they be here in this.
As -- -- -- did before you you must I sent.
And lawn tennis and yeah.
With me to help explain this new program is founder of -- dot com -- -- -- -- great to CEO.
Thanks for having me Ari can tell you about this quest for credit and net credit mountain how'd you come up with the stuff.
First I think we're probably the only people who have ever produced -- A full length cartoon on the topic of personal finance.
Our goal -- mint dot com and -- into it in general is just to make personal finance accessible and we thought -- be fun.
For young people for kids to have a cartoon on.
Saving budgeting getting yourself into too much debt not be able to afford the things that you want to then having to climb credit mountain to get back to a place for.
You've got the money that you need your credit is repaired you can afford the things that you want well it's really effective I thought it was really well done.
How do you though teach kids about money because there are lots of theories about the best way to do this.
With the best way to talk to kids about money so they understand what you're talking about.
Well first it's actually have a conversation with your kids and I think that the best way to do that have personally -- with an allowance.
And it's not an allowance that you just get it's an allowance that you actually -- And for doing chores for mowing the lawn for whatever is age appropriate for your your child.
And that teaches them the first and most basic -- that that money is associated with with work and effort.
And then making them save up for that special something whether it's a -- -- video game and have been really pay for themselves.
So when -- -- put together this curriculum with scholastic.
Did did those ideas factor into your curriculum.
Absolutely so -- dot com and intuitive partnered with us scholastic and produces a lot of curriculum and and books for children.
I set of lesson plans for teachers to go up to about 30000 teachers 300008.
And there's a lesson plan on saving and -- thing you have to save up for a 500 dollar bike.
And you can choose from one of three jobs -- baby -- camp counselor or your house painter.
Each job earns a different amount per hour and the baby sitter may be only works for hours a day the house -- may be -- eight hours a day.
House -- -- to spend ten dollars a day and supplies and they did that kids have to work out you know which job will -- in the bike fastest.
Had given all the expenses and and the money that they're earning.
It's great stuff and it really makes kids think through the process of making financial decisions.
Everything that's involved certainly I mean some at some of the stuff that I thought oh I might not have thought about that it was really great.
Tell me though even if you don't have this curriculum in your school parents can't pick it up on your website at -- That's right you can go to mint dot com slash blog slash education and you'll find not only the contents that teachers half which.
Quite frankly is -- good for some adults who Yahoo! who may not have the personal finance education.
From from any schooling.
But they'll also be some games so there's a game where you can choose from six different things to buy -- you roll the -- have to -- up.
You can't buy all of them you can't -- both the MP3 player.
And the new video game console the same time you have to choose one of the other.
And if you play wrong to try to spend on too much you basically go back to zero and -- just have to start all over at reality on the and the kind of -- -- -- You know I noticed from my -- Theres only 26% of parents.
Feel like they can actually teach their kids about money there is a feeling of inadequate -- I think among parents when they talk about money with their kids.
How can they boost their own confidence on these issues and learn how to have a conversation open up a conversation with their children.
One of the best ways this thing to go to -- not just -- -- dot com tool which helps you budget and manage your money and links call your bank accounts but to really go to mint dot com slash blog.
It gets about one point two million visitors each month it's got personal finance education whether you're deeply in debt whether you're just starting out whether you're approaching retirement for at any life stage.
It's back to basics we use a lot of info graphics and and pictures and charts and -- -- because we find they're just more fun a more active.
Personal finance can be pretty boring and we try to make it -- fun and accessible no matter what the age.
Well I think he succeeded you did such a great job and you know with 10% teenagers out -- -- credit cards.
It's a good thing to let kids know how to use their money arron thanks for your time they really appreciate it.
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