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Summer School For Young Entrepreneurs
Filed Under (Business Tips, Start Up Ideas) by Jeff Stripp on 23-06-2007
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With skyrocketing credit card debt, fewer job prospects and a growing economic divide, young people are increasingly in need of more financial knowledge.
In response, a growing number of summer camps are teaching kids money management skills. While our memories of camp were more about canoeing than banking, programs such as those listed below show that that kids’ financial-savvy (or at least parental interest in) is starting at increasingly younger ages:
Young Americans Center for Financial Education: This Denver-based non-profit hosts “Fun-ancial Summer Camps” for 2nd to 7th graders. Curriculums range from Money $ense, where campers learn about budgeting, investing, credit and taxes, to Running Your Own Biz, where mini-entrepreneurs make their own crafts and sell them at a weekly marketplace.
The Money Camp for Kids: Based in Southern California, this camp aims to give 10-18 year-old campers an understanding of how the economy works and how to earn money, budget, invest and save it. Kids are given “paychecks” which they invest in stocks, real estate and businesses. And it wouldn’t be camp without field trips: every Friday the kids take a trip to a bank, business, real estate broker or stock broker.
Millionaire Kid$ Club: At this Texas program, 8-16 year-olds learn the basics of making, managing and multiplying money. Despite the name, it’s not necessarily aiming to create the next generation of oil tycoons, but rather to help young people develop good money habits that will last throughout their lives.
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