Cover image for The complete idiot's guide to raising money-smart kids
Title:
The complete idiot's guide to raising money-smart kids
Author:
Weltman, Barbara, 1950-
Personal Author:
Publication Information:
New York : Alpha Books, 1999.
Physical Description:
xix, 332 pages : illustrations ; 24 cm
Language:
English
ISBN:
9780028633817
Format :
Book

Available:*

Library
Call Number
Material Type
Home Location
Status
Central Library HG179 .W4658 1999 Adult Non-Fiction Non-Fiction Area
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Summary

Summary

A beginner's guide to help parents teach their kids everything they need to know about money, from savings and money values, to investing.


Author Notes

Barbara Weltman, a financial expert, attorney, and mother of three, is author of The Complete Idiot's Guide to Making Money After You Retire, The Complete Idiot's Guide to Starting a Home-Based Business, and J.K. Lasser's Tax Deductions for Your Small Business, 3rd Edition. She lives in the New York area. Visit her Web site at http://www.bwideas.com.


Table of Contents

Part 1 A Dollar Is Not Just Nickels and Dimesp. 1
1 Money (and How It's Handled) Mattersp. 3
Setting the Stagep. 3
Your Goals for Your Childp. 6
Kids Are Consumersp. 9
It's a Brave New Money Worldp. 10
2 The Morality of Moneyp. 15
You and Your Moneyp. 15
Value Lessonsp. 17
Deciding on Valuesp. 21
Honing Your Parenting Skillsp. 22
3 Sharing Your Family Money Secretsp. 25
Keeping Money Skeletons in Your Family Closetp. 25
Benefits of Sharing Informationp. 27
Airing Out the Family's Money Secretsp. 27
4 Teaching About Moneyp. 33
Money Concepts You Should Conveyp. 34
Monkey Sees and Hears--and Monkey Doesp. 34
All the World's a Stagep. 36
Games Kids Can Playp. 37
Part 2 Money Concepts Made Easyp. 43
5 What's Money?p. 45
Intro to Moneyp. 45
Using Checksp. 48
Paying with Plasticp. 52
6 Economics 101p. 57
What Things Costp. 57
Deconsumerizing Your Kidsp. 60
Tips on Tippingp. 63
7 Going Beyond the Basicsp. 67
What's Our Economy All About?p. 67
Taxes Can Be Taxingp. 70
Income Taxes on Your Child's Wages and Investmentsp. 74
Part 3 Money Makers for Kidsp. 81
8 Making Allowancesp. 83
Allowing Allowancesp. 83
How Much to Givep. 86
Allowances with Stringsp. 88
How Your Child Spends His Allowancep. 91
9 Junior Job Marketp. 95
Working for Fun and Profitp. 95
Where the Jobs Arep. 98
Landing a Jobp. 102
10 Business Basics for Kidsp. 107
Today's Businesses for Kidsp. 107
Learning Businesses for Kidsp. 107
Learning Business Skillsp. 111
Look Before Your Kid Leapsp. 114
11 Getting Money Out of the Bluep. 117
Gifts Are Goldenp. 117
Your Kid's Winning Waysp. 122
Little Rockefeller's Pot of Goldp. 125
Part 4 Big (and Little) Spendersp. 129
12 Picking Up the Tabp. 131
When You No Longer Payp. 131
Shopping for Clothingp. 134
Gassing Up the Carp. 136
Moving On to Collegep. 138
Facing Up to Problemsp. 142
13 So Many Choices (So Little Money)p. 143
Options for Using Moneyp. 143
Setting Prioritiesp. 147
Savvy Shopping Strategiesp. 149
14 Buying on a Budgetp. 151
The Meaning of a Money Planp. 151
Beginner's Budgetp. 155
Living with a Budgetp. 158
15 Giving It Awayp. 161
Generosity Can Be Taughtp. 161
Giving Gifts to Family and Friendsp. 162
Doling Out Dollars to Charityp. 163
Part 5 Rainy Day Precautionsp. 167
16 Setting Savings Goals That Workp. 169
Wishing on a Starp. 169
Setting Savings Goals for Collegep. 172
Special Saving Strategies for Collegep. 173
17 Piggybanking Itp. 181
Keeping It Under the Mattressp. 181
Visiting Your Neighborhood Bankp. 182
Joining the Big (Savings) Leaguesp. 188
Savings It in Savings Bondsp. 190
18 Beyond the Corner Bankp. 193
Risk Reduction Without Return Reductionp. 193
Income Investments: Step 2p. 197
Growth Investments Your Child Can Live Withp. 201
19 IRAs for Kidsp. 203
A Millionaire in the Makingp. 203
Choosing the Best IRAp. 204
Investing IRA Moneyp. 208
Part 6 Investing Made Easyp. 213
20 Wall Street Tycoons Aren't Just Born... They're (Self) Madep. 215
Rewards of Being a Stock Market Investorp. 216
Shopping the Stock Marketp. 218
Got It Covered!p. 222
Speaking Like an Investorp. 223
Buying from a Brokerp. 224
21 Mutual Funds Just for Kidsp. 229
The Good and Bad of Mutual Fundsp. 230
The Feeling's Mutualp. 232
Selecting Fundsp. 233
Making Investmentsp. 235
22 Online Options for Kidsp. 239
Surfing the Net to Ride the Wall Street Wavep. 239
Trading for Kidsp. 240
Games Kids Can Playp. 245
23 Joys and Rewards of Collectingp. 249
Collecting for Fun and Profitp. 249
Collecting Ideasp. 252
Building a Collection Without Going Brokep. 253
Part 7 To Be or Not to Be a Borrowerp. 259
24 All About Debtp. 261
Borrowing Basicsp. 261
Getting Creditp. 265
Paying with Plasticp. 267
Buying on Creditp. 270
25 Borrowing from Family and Friendsp. 275
Making Advancesp. 275
Borrowing from Friendsp. 276
Borrowing Big Bucks from Parentsp. 277
Other Ways for You to Helpp. 281
26 Studying Up on Student Loansp. 283
Borrowing to Pay for Collegep. 283
Parental Loansp. 290
Repaying Your Student Loanp. 291
27 Leaving the Nestp. 295
Checking Up on What Your Child Has Learnedp. 295
Preparing to Move Outp. 296
Advanced Money ABCsp. 300
A Lifetime of Helpp. 303
Appendixes
A Glossaryp. 307
B Online Resources for Kids and Moneyp. 315
C Bibliographyp. 321
Indexp. 323

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