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Course: Personal finance > Unit 2
Lesson 2: Perspectives for families- What does money have to do with getting married?
- How can parents talk to kids about money?
- Top questions kids ask about money (and how to answer)
- How can kids talk to parents about money?
- How can parents talk to their kids about the economy?
- Math behind saving for college
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How can kids talk to parents about money?
Sal Khan's advice - Have open conversations with your parents about money. Don't be afraid to ask questions.
Want to join the conversation?
When is a good time to start working as a kid(3 votes)
It depends on your situation and your age. For me I've always been an entrepreneur so I find ways to make and save money. When I was younger and could't actually get a real job so I did side jobs. Cutting grass, baby sitting, selling my handmade jewelry, and yes even the lemonade stand were all things I did to make money. Now I have 2 yrs of HS to finish and there's only a few real jobs I can do this summer because I happen to be advanced in school and am still under the age requirement. But there are a bunch of online jobs that teens can find. I would definitely recommend working the summer before you go to college though in order to have some money to get started with. But like I said at first, there is no straightforward answer because it totally depends on you and what type of situation your in.
Hope this helps and happy learning! :D SLB(10 votes)
that must have been before Dollar Tree. We buy $1 "bar mop" towels out of 100% cotton like pro chef kitchens. Use them, rinse them, wring them out and throw them in the washer with the whites. they do hold up better(4 votes)- should we focus on the chepist things we can bye?(2 votes)
When should kids start saving money?(1 vote)- Sal Khan gives us advice about how to open conversations with your parents about money.(1 vote)
My parents encourage me to learn more about saving money and don't talk to me much about their tips for saving money, but they have provided me with materials like books and khan academy. This helps me learn more. What other steps should I take to learn more about saving money? Also how offend do you think we should use credit cards over debit cards?(1 vote)- I believe 12 is a good age to start working in some fashion. My mom started me and my brother are mowing business last year when I was 12. My brother is two years younger than me, so he started far earlier than I did. After I turned 14 I’ll start working at a restaurant. Starting work early gets you a good work ethic. And you need a good work ethic to accept that work will always be in your life before the fun. You’ll end up being a moocher that nobody respects.(1 vote)
- im 14 why do i have to talk about money to my parent that takes care of me, she gonna say "nuh uh" I suppose.(1 vote)
oh desi mothers do be frugal(1 vote)- Don’t have a question(1 vote)
Video transcript
- You know, the first
thing I would say is, just really, think about money. It's amazing how many
people just assume that, you know, things magically happen, that the food magically
shows up on the table, or that, you know, there's
magically a roof over their head. Money is what drives all of these things. And so, talk to your parents, you know, when they go grocery shopping,
think about the prices. You know, this was a, when I was a kid, I used to love The Price Is Right, and it kind of made me
obsessed with prices, and I used to look at coupon
books and all of that. I actually used to collect coupons and come with my mom and
encourage her to buy the things that we had coupons for. But I learned a ton doing
that, I learned a ton. You know, and I was kind of lucky, my mom was on the frugal side. We used to reuse paper towels. (laughing) But it was a great lesson,
'cause she used to tell me how expensive these paper towels were, and I appreciated that. And that, you know, when
we went to the store, I would look at, well, okay,
this costs this much per pound, this costs that much per pound. Wow, we get a better deal
if we buy the larger one, but we gotta make sure
that it's not so large that we're gonna waste it,
because then we're wasting money. So when you go shopping with your parents, think carefully about what they're buying. Talk very openly to your
parents about money, about are they stressed about money, what are tips that they have?