This week The Money JAR explores non-traditional summer camps that introduce kids and teens to the world of business, money, and entrepreneurship, such as the Young Entrepreneur's Business Week here in Portland.
Many parents would be simply ecstatic if their children emerged from college unscathed by a mountain of debt. But imagine if your kids not only evaded the common debilitating financial liability many of their peers will face, but were actually able to amass a significant “nest-egg” just as they embark on their adult lives!
When parents think about protecting their kids from financial pitfalls, their minds often gravitate to subjects like predatory lending, credit card debt or identity theft. But what about the more subtle hazards presented by entities like online gaming or prepaid debit cards, wherein your child may unwittingly sign up to pay hidden charges or fees?
Should we incent our children with cash for completing everyday household jobs or should their “free rent” be considered fair enough currency? Whether you are for, against or ambivalent on the subject of paying kids to do chores, tune in to hear guest author and mother Alisa Weinstein’s captivating and unique solution to this age-old debate.