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Teach Kids About Budgeting And Take A Vacation At The Same Time

Forbes – Neale Godfrey

“Now that spring is finally here, it’s that time again to think about shelling out money for a family vacation…With significant spending aimed at making the whole family happy, don’t you think it’s the right time to get the kids involved in the budgeting?…Vacations can be both a rewarding, learning experience, as well as fun for parents and children alike, if you turn the vacation into a family project from start to finish. When children take an active role in planning a vacation, they make an investment in their own adventure. To begin, set some cost and travel parameters, then have your kids go online to come up with some vacation ideas. Set a deadline for them to present their ideas to the whole family at a family meeting. They have to come up with ideas that will suit the whole family, within the budget…No matter how wealthy you are, I suggest that the kids contribute to the family vacation. It doesn’t have to be in actual money; it is just as valuable if they come up ways to economize during the trip. Again, these are important lessons that they can use throughout their lives.”(more)

Preparing our children now for financial success

La Vernia News – Barbara Magor Deel

“Every responsible adult knows “tax day” is in April, although this year as the government celebrates Emancipation Day April 15 — we get a reprieve until April 18 to file our taxes. But most taxpayers may not be aware that this coincides with National Financial Literacy Month, which has been promoted since 2003 as the month to teach Americans how to establish and maintain healthy financial habits…Schools as well as parents, play a significant role in the lives of young people as they develop into independent, capable members of communities…For young adults, mastering their personal finances allows them to concentrate on learning and having fun, and not having some of the most important years in their lives sidetracked by money troubles. The major advantage of financial literacy will be self-evident as students grow older and financial decisions become more important and will have far reaching rewards in personal, family, and community success.”(more)

California Control Funding Formula Guide

Ed Source – Staff Writer

“Welcome to an updated guide to the most sweeping changes in more than a quarter-century affecting how California schools are governed and funded: the Local Control Funding Formula. This guide will take a look at the law two-plus years into its implementation and will offer.”(more)

Federal proposal seeks to create summer and youth jobs

The Washington Post – Steven Mufson

“The Obama administration unveiled a $5.5 billion proposal to create summer and first-time jobs for youths over four years and a $2 billion scheme to create apprenticeships over five years, the latest in a series of ideas that will be included in the federal budget plan next week. The proposals — part of a $12.5 billion package of new spending over five years — includes $3 billion to train people to lure firms to the United States from abroad or to keep them from leaving. The administration also plans to ask Congress to approve $2 billion in competitive grants that would be jointly administered by the Labor and Education Departments. The budget, especially in a president’s eighth year, is often more of an aspirational document than a real-life tax and spending plan, but President Obama has vowed to search for additional common ground with Congress during his final year in office.”(more)

BASF taking innovation where markets are

China Daily- Zhu Wenqian

“BASF director says the firm is coasting on its long history with China to industrial glory
BASF SE’s association with China goes back all the way to 1885. Over the last 130 years, the Ludwigshafen, Germany-headquartered 150-year-old multinational, which deals mainly in chemicals, plastics, performance products, crop protection products, petrochemicals, nutrition and health products, oil and gas, has made China key to its growth and evolution.
Sanjeev Gandhi, 49, one of BASF’s executive directors, now heads the company’s operations in Greater China and Asia Pacific. A BASF veteran, Gandhi has risen through the ranks over 22 years to reach the Board of Executive Directors.”(more)

6 Financial Lessons Your Kids Can Learn From Halloween

U.S. News & World Report – Sabah Karimi

“Whether you’re hosting a Halloween party for the kids this year, or everyone’s getting ready for trick-or-treating, working with a budget can keep your Halloween costs down. The National Retailer Federation predicts consumers will spend $6.9 billion on Halloween this year, with an average of $74 per shopper. This annual spend includes the cost of candy and Halloween decorations, and costumes account for the most expensive purchases…With all these purchases, you can use this holiday to set a good example for your kids to manage money effectively. Here are six key financial lessons you can teach your kids during Halloween.”(more)