Are You a Maker?

Last year I watched the PBS documentary Makers – which told the history of the feminist movement from the 1950’s through the 1990’s. As I watched, I started feeling guilty about not having participated more in ‘the movement’.

What, I wondered, have I done to further the expansion of the role of women in American society, to give future generations of little girls the opportunities denied to me? Continue reading

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Roosevelt’s Wealth Building

Ken Burns has done it again. He has created yet another fascinating documentary – this time one about Teddy and Franklin Roosevelt as well as Eleanor. We’ve been watching the 9 part series on PBS all week. These two men had a great influence on the direction the government of the United States has taken (whether you like that direction or not).

The documentary acknowledges that both men and Eleanor were endowed with inherited wealth. Having that wealth allowed them to gain access to education, people and experiences that helped them become the men and woman they were. Without it, America may well have been a different place. Continue reading

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2014 Grandma Rie’s Money Camp Activities and Resources

Teaching the next generation to successfully handle money and personal finances is normally a family responsibility. Although parents bear much of the burden to teach, train and model good personal finance, extended family members can also contribute.

IMG_0689Although my grown children do very well in the personal finance arena, they learned from us by osmosis, without any special or formal training by my spouse or I. When they presented me with grandchildren, I vowed that I would take an active part in teaching financial literacy to them.

As a result, I started a one week ‘Grandma Rie’s Money Camp’ in 2011 and held our fourth annual one this year.

The focus of this years Money Camp was on saving. To zero in on that, we toured a bank, a credit union and the Federal Reserve’s Money Museum, as well as inspecting our home safe and our safe deposit box at the credit union. In addition I asked several family members to record a story about a time they had saved for something or wish they had. In order to put the focus on saving and provide these activities, I moved the location of Money Camp from the lakeside condo to our metro area. To have money to save, you have to get or earn money. This year, I combined camp with a garage sale and had the kids run their kid business during the sale. Some days I question my sanity – running a week long camp, entertaining kids and preparing for a garage sale called for some stamina I didn’t know I still had! Continue reading

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A Banking Project for You and Your Kids

Pig croppedEach year, I invite my Grandchildren to a one week overnight camp I call Grandma Rie’s Money Camp. During that week, we focus on personal finance concepts, activities, projects and fun. This year’s camp had the main theme of saving.

One of the activities we did, was to create paper mache piggy banks. This fit well with our overall theme of saving and was something that could be done without spending a lot of money.

I presented the idea of making them as one that could produce a product to try to sell, a gift to give or a bank to keep for themselves. The 7 year old girl decided to keep one and give the other to her cousin. The 10 year old boy decided to try to sell his two. Continue reading

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Review of: 25 Money Strategies Your Teachers Forgot to Tell You About

by Richard Pan copyright 2013

Summary:

This book is directed at young people just starting out. It outlines 25 money saving tricks and tips to use to begin wealth accumulation – tips that the author himself has used at just 21 years of age.

Read this book to understand and address:

Richard presents his readers with multiple different ways to approach the start of wealth building. With each, he explains not only what the tip or trick is, but also why it worked for him. Continue reading

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