Know of any summer programs (online/in-person) for teens/tweens on investing and/or budgeting?
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Anonymous
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My kids (12 & 14) are interested in this topic so I thought it could something they do for the camps (online or in-person) that they will do this summer. I know there is a DCUM camps forum, but I've not seen anything there that pertains to this topic, and I thought that users of this forum might have some knowledge of what's out there. Bethesda area, but online would be even better for this summer.
I've seen a number of 'entrepreneurship' extracurricular programs/summer camps for kids, but I don't think that would be the style for my 14 yr old (she has already been earning pocket money via her own little 'side business' that I've been helping her with over the last few years...mostly selling on ebay, and using it as a way to teach her about some business basics like pricing, margins, demand, customer services, etc.). I also think that learning about budgeting would be good for both of my kids; we've been fortunate enough to meet all their major needs, and many of their wants (esp. when generous grandparents are involved), but I am trying to teach them (through words and actions) that money does not grow on trees, about earning, etc. Thanks in advance for any suggestions. |
Anonymous
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I had our financial advisor sit down with both of our kids and do a full-on financial literacy seminar. He just used what he has for the "grownups" and modified it for them. He's so good at explaining things clearly and answering any and all "dumb" questions that the kids got a lot out of it.
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Anonymous
| OP here. that sounds useful...though in our case, we don't have a financial advisor. I was also thinking that my kids might enjoy a hands-on thing where they picked stocks and monitored their performance over the days/weeks. I did something like this in 6th grade. There is probably more that could be done now with choosing ETFs and looking into ESG-type investments, etc. I could come up with a curriculum myself, but given that they are 12 and 14 and we have been in lockdown together for a year plus, they don't really want to hear what I have to say if they can avoid it....! |
Anonymous
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Outschool:
Investing: https://outschool.com/online-classes?q=Investing#abko96rxei Budgeting: https://outschool.com/online-classes?q=Budgeting#abko96rxei |
Anonymous
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UVA summer enrichment camp
https://education.virginia.edu/summer-enrichment-program-course-descriptions-2021-5-6 |
Anonymous
| If you are in Virginia there's a required high school class on personal finance, offered online through Virtual Virgina. Not sure if the 12 yr old can take it for credit but the 14 yr old could. Many students take it online in summer to free up a class period. |
Anonymous
It’s a terrible summer class. |
Anonymous
| OP here. Thanks for the suggestions! We aren't in Virginia (we're in Montgomery County, MD). The class at UVA is for up to 6th grade so my kids aren't eligible, but they have other interesting offerings so I appreciate the link and finding out more about them. Outschool does seem to have a bunch, so I might give one or two of them a go. |
Anonymous
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one of the PPs here. The book "Blue Chip Kids" is great, TDAmeritrade has some good free informational seminars and the series "Money for Young Minds" is very good (you must purchase this). Also, see what the local library sponsors-- once in a blue moon they will have something for kids.
This would be a great public service if someone would run seminars in the area. Wasn't there a TJ kid doing a web series not too long ago? r/studentloans is a real eye-opener for teens. It can be difficult to read but it is a good reality check. |