Summer Days, Money Days for Moms and Daughters

"Summer time, and the living is easy...."

That's often how we think dreamily about summer. But summer is a rich and wonderful time to start building your daughter's economic self-awareness. Do it right and some day her living WILL be easy! Ignore it and, like so many other women, she'll face her middle years with too little knowledge about how to take care of herself economically.

Here are nine activities you can do this summer that will make the summer fun and enRICHing.

1. Give Her Summer Event Budgeting!
Girls who finish our entrepreneurial training programs often say what surprises them most is discovering "how much things cost." Helping daughters get a reality check about the cost of life is a great gift. If you're planning a summer activity (a weekend trip, a day at an amusement park, a picnic at the beach), let her plan the whole event, soup to nuts, including the budget.

Help her calculate every penny to be spent on the event -- including travel costs, entrance fees, food -- the works. You might give her a summer budget to plan more than one event and help her research and make choices about what you can do that will stay within that budget.

Girls have no trouble figuring out money issues and costs when done "in context" with something relevant to them -- and you'll practice trusting her independence as she makes choices within budget!

2. Take Her to a Seminar on Money.
We find girls are hungry to learn about money. As one teen put it recently, "No one ever talks with us about money." Like sex, it's been a hard topic for kids and parents to discuss. Check out your local bank or investment house. Both are seeking female customers these days and offer money seminars free of charge -- from the age of 12 on up, she' s ready.

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