Let’s see what my friend’s daughter has been up to this month. As you may know, she has moved back home after college. (If you haven’t met her before, start the story here.) My friend and her daughter will soon be masters at “intergenerational negotiations”. Hmmm. Perhaps that skill could go on her daughter’s resume . . .
It’s also time for a couple of more Financial Literacy lessons from the Virginia Council on Economic Education and NEFE. Try them on your kids and maybe you can avoid the negotiations course later. Financial Literacy Lessons 3 and 4 are both good for high-school students. Lesson 3 discusses the relationship between risk and reward in investing; an idea that may be familiar to them, if they have watched us opening our account statements in the last few years. Lesson 4 looks at employment and earnings—wages, taxes, benefits—which are often mysterious to our kids, as fewer of them have part-time jobs in this era. Check my Video and Downloads page for more.