Summer At Camp Millionaire
A growing number of parents are shipping their kids off to programs that focus more on economics and budget than archery and crafts.
Bankrate.com:
Here I am at Camp High Finance. Camp is very entertaining. And they say we’ll have some fun when the stock market goes up.
Learning about money isn’t one of the traditional reasons most people send their kids to camp, but these days it could be one of the best.
Having ‘the talk’ about money is harder for many parents than having the talk about you-know-what. Who wants to sound like Scrooge? And besides, most of us are pretty self-conscious about the subject, and get tongue-tied when the conversation turns to what we earn and what we owe.
So why not let the kids spend a few summer days learning the facts of life about managing and investing money from somebody who can lay it on the line without dredging up family issues that could quickly cloud a sunny day?
Will the kids like Camp Money? ‘I doubt it. It sounds like an adult agenda to me’, says Richard Ryan, professor of psychology at the University of Rochester and an expert on parent-child relationships.
Swimming or basic finance?
Nevertheless, the concept of a money camp is growing in popularity. While it probably won’t displace swimming as the most popular camp activity, finance is on the agenda more and more often.
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