The Blog of P.U.R.E. and Sue Scheff

Teaching our teens about finances, budgeting and saving is more critical today than years prior.  With the troubling economy, the loss of jobs as well as some families losing their homes, teens need to learn early how to manage their money. The St. Johns River Chapter of Florida Institute of Certified Public Accountants and SJCPLS are teaming up to offer full day workshops to teens age 15-20 between June 26th through August 7th at various branch libraries. Subjects covered will be budgeting, saving, personal investing, using credit wisely, avoiding identity theft and more. The St. Johns County Public Library System began offering this successful program two years ago, and the program has served as a model for other Florida libraries. Class sizes are limited, so call each branch to register. Lunch will be provided at each location by the Friends of the Library . All classes are 10:00 am to 4:00 pm (same class repeated at each location) Saturday, June 26 - South...

Debra Beck, an Author and Mentor to Teens, has a wonderful website http://www.myfeetarentugly.com/ and focus's on building your teens self esteem. Having self confidence can help your teen make better choices. Debra just posted a very timely Blog on Teens and Money - check it out! By Debra Beck It’s amazing to me how teens react to money differently. My oldest daughter didn’t like to spend her money or mine for that matter. She was always very picky about what she purchased to make sure that the money was well spent. My youngest on the other hand spent both of our money without a second thought, and sometimes on wasteful things. I am noticing the same with my partners boys, one is very careful about his spending, and the other has the money spent in no time at all. What can we do as parents to assure that our teens have a certain amount of respect for money, no matter where it is coming from. The first thing I suggest is starting at a young age. Be careful that you don’t give th...

There couldn't be a better time to prepare our kids by teaching them about how to budget, save and be responsible with money. Source: Examiner Teach your kids the value of money with a joint savings account By: Lanae Paaverud It is important to teach children the value of money, starting at an early age. When your child gets money, do you let them spend it all? Do you have them put half aside? Saving and spending habits start to root as soon as your child has it in their hands. By the time they are teens you can tell which children were allowed to do what they want with their cash versus the ones who had reinforcement from home about saving and spending wisely. Sure we all goof up once in a while, but if your foundation is solid enough you won't tumble. When your child is able to understand the basics of saving and spending, open up a joint savings account for them. Many banks have special accounts where no minimum balance is needed, and having your name on the account insures ...