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Eight top money tips to teach your children

Fin 24 – Lameez Omarjee

“In a world loaded with influences from the media, it’s important to get children to learn how to manage their money before they are misguided by other information they have access to, warn the experts. For Lance Solms, managing director at Itransact, being a responsible parent means more than just playing catch and reading a bed time story – it involves being there for your children and giving them the best possible start in life. It also means providing them with valuable financial lessons they can use when they are ready to leave the nest.” (more)

Discipline reform gets boost in California budget

Ed Source – David Washburn

“Tucked inside last week’s state budget deal was some good news for California’s school discipline reform advocates — an additional $15 million for tackling issues such as bullying and trauma students have experienced, and training teachers and administrators in alternatives to traditional approaches to discipline.” (more)

Kids needs tax education

News Herald – Juliann Talkington

Juliann

Regardless of whether you believe taxes are crucial and helpful or unnecessary and unfair, it is important that your kids understand the concept of taxation, how tax money is collected and used, and what they can do to influence tax policy.

Here are a few kid friendly facts you can share with your children.

There are a lot of taxes in the U.S.
Individuals are taxed on property, purchases, income, wages, facilities use (tolls), and dying (death tax). Companies pay duties, tariffs, fees, registrations, and employment taxes. They pass these extra costs onto consumers as higher prices, which means individuals ultimately pay for business taxes.

U.S. taxpayers have little say on how tax money is spent.
Once the taxes are collected by a taxing agency, taxpayers have little control on how the money is allocated. As a result, it is critical that voters consider all tax referenda carefully. If a taxpayer does not like a tax he/she can circulate a petition to have the tax recalled, run for office, and/or work to get different politicians elected.

Taxes increase the power of the government.
Tax revenues give government entities control over large budgets, which can create problems with corruption as companies and individuals lobby to obtain projects bid by the government.

Taxes fund a wide variety of programs.
Taxes are used to pay for everything from roads and bridges to special projects like studying methane emission from dairy cows.

Private sector worker taxes pay for government jobs.
When someone works for a public school, a public college or university, the TSA, the military, a company who executes government contracts, an organization that receives government grants etc. his/her salary is paid by people working in the private sector. Even though government employees pay “taxes”, these “taxes” just reduce the cost of that worker, since the taxes go back into the pool of money used to pay government salaries. As a result, it is impossible for the government to operate without loans or tax contributions from private sector workers.

Tax marketing is often different from tax implementation.
Taxpayers are often more willing to approve taxes for education, so government agencies will sometimes market a tax as a way to improve schools without restricting the money to schooling.

Once your kids have an understanding of taxation they can make sound economic decisions for themselves and help their communities make wise choices about taxes and community services.

60 Awesome Student Discounts

The Simple Dollar – Kristin Kuchar

“One great way to reduce your student loan debt while you’re still in school is to keep to a budget. And one of the best ways to have some fun while sticking to that budget is to take advantage of student discounts. Here are dozens of discounts available to students across the country.”(more)

Why does bullying cost California schools $276 million every year?

The Sacramento Bee – Carolyn Wilke

“While school bullying has been widely condemned for harming students’ emotional health, a new study calculates the financial cost to school districts: $276 million annually in California. The study published in June in School Psychology Quarterly is the first to count the direct losses caused by bullying-related student absences. “If we think about the climate of bullying in schools, we actually see differences in overall achievement,” said Stephen Russell, a professor of child development at the University of Texas, Austin, and one of the study’s authors.”(more)

Language Learning and National Security

Inside Higher Ed – Karl Eikenberry

“When I was a student in Nanjing University in China in the early 1980s, a professor there told me that if I spoke no Chinese at all, I would always be a metaphorical window shopper in his city, admiring the goods on display from a distance on the street. But after investing the time and effort to become proficient at Mandarin and knowledgeable of Chinese custom, I would be invited by the shop owner to come inside and enter the room where his real treasures were kept. I have had many occasions since then to reflect on the wisdom of my professor’s advice and encouragement. As the deputy commander of the UN security force in Panmunjom in Korea, defense attaché to China, commander of coalition forces in Afghanistan and the United States ambassador in Kabul, I have found myself at the intersection of cultures and languages — often when the stakes were much higher than a mere trip to the local shop. Yet the lesson has withstood the test of time and experience: a working knowledge of another culture, its language and norms, its history and ideals, is often the difference between a failed and a successful mission.”(more)