Banking Day! On time this month!

We were a bit more on top of things this month.  Spent a bit of time reviewing past topics/discussions with both Miranda and Logan, which brings me to a fundamental skill that must be developed if you really want to work with your kids on money - the ability to repeat yourself relentlessly.  Remember, these are new topics, and despite our best efforts, they can be a bit abstract.  Only the most brilliant kid will understand shares of stock, compound interest, or how to figure out how much money they should have in savings (Can most adults to this?  I think not!) on the first go around.  So keep coming back to it, again and again, until it sticks.

The other aspect of this is that the point is not to memorize a definition, but to actually understand, so until your kids can tell you what it means in their own words, keep pressing play, then rewind on that tape recorder (you know, the one you use all the other times you have to repeat yourself - clean your room, stop teasing your sister, the list goes on and on!).  Oh, and keep calm about the whole thing, as your frustration will lead to your kid's shut down, and all learning will stop.  If you feel yourself about to lose it, call it a day, and come back to it next month.

We also set holiday gift buying budget as well as planned how to deploy some of the funds set aside for some worthy causes.  More on that next time.