Monday April 28, 2008 - Kids & Money: Lessons

[0:23] ..." law and state treasurer Tim K -- initiated a voluntary program for elementary school kids. Grades three through six titled savings makes cents CE NTS the title it's it's a banking program for the schoolchildren which"...

[0:57] ..." the commonwealth that is so important it truly is now what about high school. According to teenage research unlimited which is a marketing research firm on average teenagers spend approximately. 5400 dollars a year. While they spend IBC getting these dollars from their parents and their working little more than a hundred bucks a week collectively that's a 172 billion dollars annually eaten with 40% of that's spent on clothes. And teens interestingly spend 90% of what they -- No illusions that saving much dancing and set down those patterns early. They do you know -- I'm sure they're spending and I gas for the car maybe the car insurance which is me and gave them mom and dad and most of -- on stuff. Here Massachusetts there's not much for high school education -- as far as money goes as a voluntary program. Called the high school financial literacy program known as the high five program. If it's not in your schools ask for it's a voluntary program it's"...

[2:05] ..." credit cards and run up those bills are my two year old granddaughter says. When he comes from the bank right season. Hazard discussing earnings warning right -- the concept you have to fine --"...

[0:00]" Here on WBZ news radio 1030 with certified financial planner do you leave this week we're looking at kids and money. Oh yes what accommodation I now in knowing kids don't know enough about money and it certainly -- where comes from highly concerned spent or saved. For the most part there's not money education in the schools -- here in Massachusetts that is beginning to change I found my research -- there's nothing mandate by law and state treasurer Tim K -- initiated a voluntary program for elementary school kids. Grades three through six titled savings makes cents CE NTS the title it's it's a banking program for the schoolchildren which focuses on the ABC's of money management. Voluntary on the part of the school so few school losing using the program talked to your principal your school committee. He gets school some banks to work together to teach the children basic monetary concepts how to open a savings account. The origin of money basic budgeting skills. Saving makes sense is now over 400 schools across the commonwealth that is so important it truly is now what about high school. According to teenage research unlimited which is a marketing research firm on average teenagers spend approximately. 5400 dollars a year. While they spend IBC getting these dollars from their parents and their working little more than a hundred bucks a week collectively that's a 172 billion dollars annually eaten with 40% of that's spent on clothes. And teens interestingly spend 90% of what they -- No illusions that saving much dancing and set down those patterns early. They do you know -- I'm sure they're spending and I gas for the car maybe the car insurance which is me and gave them mom and dad and most of -- on stuff. Here Massachusetts there's not much for high school education -- as far as money goes as a voluntary program. Called the high school financial literacy program known as the high five program. If it's not in your schools ask for it's a voluntary program it's managed by the office of consumer affairs. Kids need to learn about."

[1:57]" Money and you know as parents. They are learning even if we don't consciously teach -- they're taking notes they know how we spend and use our credit cards and run up those bills are my two year old granddaughter says. When he comes from the bank right season. Hazard discussing earnings warning right -- the concept you have to fine -- different them excellent ideas okay and all this week will be taken a look at kids and money. Teaching your children how to save and how to use money wisely. Right here on WBZ news radio --"