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May 05 2011

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Kermit and Elmo Teach Kids About Money





According to 2010 data from the Federal Reserve Bank of Boston, the average American household strangles itself with $14,750 worth of credit card debt. …read more

A friend of mine, who I work with, has consumer debts exceeding $150,000.  Perhaps that’s because my generation didn’t learn financial lessons from Kermit the Frog and Elmo.

But Sesame Street is coming to the rescue of the next generation, teaching kids how to spend responsibly, save their money for the future, and most importantly—how to give their money away.

I’m seeing a bright forecast for the kids who learn these lessons early, and I’m taking my hat off to Sesame Street. 

Have a look at some of these clips yourself…

 http://www.sesamestreet.org/parents/save

…and let me know what you think.

 








About the author

andrew hallam

I'm a freelance finance writer, lucky enough to have been nominated as a finalist for two Canadian National Publishing Awards. I'm also the author of Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School, a book explaining how I became a millionaire on a teacher's salary, while still in my 30s. Working to empower people financially, I'm available to motivate and inspire people on basic retirement planning and index investing. I'm happy to comment on your questions, first, please read the Terms of Use.

Permanent link to this article: http://andrewhallam.com/2011/05/kermit-and-elmo-teach-kids-about-money/

2 comments

  1. avatar
    BadCaleb

    That is some huge debt. I personally cannot stand paying others any interest so I won't buy anything on credit unless I can pay it off when the bill is due. I think those clips will definitely help some kids. But for me, I'll teach my kids myself. My son won't even listen to Elmo when it comes to using the potty, so I don't see him taking any financial advice from him either.

    1. avatar
      Andrew Hallam

      Hey Bad Caleb,

      Like you, I'm also allergic to debt. I won't go near it.

      What you said about Elmo and the toilet training definitely gave me a chuckle.

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