Creating a Budget

Click this link on how to creating a budget

Tuesday, July 8th, 2014 Uncategorized Comments Off on Creating a Budget

How to avoid your kids becoming a financial disaster

Wednesday, April 10th, 2013 Uncategorized Comments Off on How to avoid your kids becoming a financial disaster

At least Top 12 free online courses

Please go through the comments too as some additional course links are also provided.

Wednesday, August 8th, 2012 Uncategorized Comments Off on At least Top 12 free online courses

Women & financial literacy

Check this out!

Tuesday, July 19th, 2011 Uncategorized Comments Off on Women & financial literacy

Summer reading programs for kids (from another list)

For the Borders program
they read 10 and get one free.

the Barnes & Noble program they read 8 and get one free.

NYPL program lets them create and avatar, track their reading online and earn
badges online. I think they might also get prizes from the library at the end of
the summer as well.

H.E.Buddy Summer Reading Club mails kids a free tee shirt after reading 10

Scholastic Summer Challenge lets children log the number of minutes read in
order to try to reach weekly goals, earn digital prizes and help set a world

Pottery Barn Summer Reading Challenge gives kids a free book after they read all
the books on the Pottery Barn reading list.

Kids Summer Reading Community Challenge is a 6 week program with daily emailed
reading tips, book recommendations, activities, etc.

Amusements Theatres gives free admission to kids on Wednesdays at 10 AM from
July 6 – August 10 when they turn in a book report form (downloaded from their

Bank Summer Reading Program gives a $10 deposit into a Young Savers Account for
kids that have read 10 books.

Sunday, June 5th, 2011 Uncategorized Comments Off on Summer reading programs for kids (from another list)

Feedback on adoption of our books

You may not know this, but our books have been recently adopted by an elementary school in Millard Public School District, rated one of the top 6 % in the nation. The finance course was created to teach principles of finance using the series “Finance for Kidz” to high school and elementary school children . Here is a quote from the lead faculty, David Wilhelm, the creator of the course, on its successful completion in fall 2010:

Hello Prakash:


Happy New Year! Thanks for your message. The class created last Fall was a COMPLETE success and both the high school students from the finance academy and the primary grade students thoroughly enjoyed it. In fact, one day while visiting the class and observing the student interaction, I was told by an administrator that enrollment had to be “capped” at 20 students as the demand for the class far exceeded their expectations and they had to “turn away” primary students because of space limitations. Isn’t that amazing?

Anyway, the class was called, “Finance Applications in the Field” and is now part of the Finance Academy for second year students in Millard Public Schools. As such, it will most likely be offered every Fall semester now that the two year academy just completed its first cycle of students. You should know it was a success and feel a sense of accomplishment that your books and lesson materials contributed significantly to help these students better understand how finance affects their future.

Lastly, my dean has repeatedly expressed a desire for this academy program to be self sustaining at Millard Public Schools and their faculty will assume full responsibility for the class instruction, activities and assessment beginning with the new school year in the Fall 2011 semester. What this means is I will only be helping with course development going forward and NOT expected to facilitate, instruct or evaluate student performance. I hope this indicates the program is in the sustaining mode and the high school faculty will now assume full responsibility for the classes.

I hope all is well with you and apologize for the long e-mail response but certainly wanted to update you on the outcome of the class. I leave you with one comment made by a finance academy student who expressed personal satisfaction on a job well done in the written assignment which summarized the course. In the paper, she said,

Today was our last day with the Cottonwood Elementary students and we will most likely never see them again. While I am sad, it gives me great pride knowing our efforts the past 8 weeks will help them appreciate the important role of finance in their young lives. We know the students enjoyed the experience with us for the short time we shared with them and somehow my sadness with the end of this class is offset by the satisfaction of watching the progress made of what started as little finance caterpillars turn into butterflies.”


I don’t know about you but to me its reading these comments which is the essence of why I chose a career in education.







— David Wilhelm, Faculty, Metropolitan Community College, Omaha, Nebraska

Friday, January 14th, 2011 Uncategorized Comments Off on Feedback on adoption of our books

Why you should buy a lottery ticket—

I am not endorsing this view. Just thought this was interesting reading.

Tuesday, January 4th, 2011 Uncategorized Comments Off on Why you should buy a lottery ticket—

Top 43 ways of teaching frugality

Here is an interesting article…

Thursday, December 30th, 2010 Uncategorized Comments Off on Top 43 ways of teaching frugality

Top 10 Parenting Tips

Top 10 ways to incorporate financial lessons into your parenting

  1. Compensate your children for extraordinary effort, work or errand done, particularly if they do it without being told. Reward them for positive change in their behavior.

  2. Don’t reward with material things or money for being a member of the family or for doing what a child is supposed to do.

  3. Remember that every moment with your child is a teachable moment. For example, when driving to school, show them the prices on gas stations and explain why they change so often. Explain the prices using concepts of demand and supply.

  4. Take your children grocery shopping. While in a store, tell them they need to buy a cereal box, or some item. Give them money and tell them to pick one and to do it wisely.  If they can count money, ask them to complete the purchase transaction on their own. Discuss what they did right and what they can do better next time.

  5. Teach children the value of comparison shopping.

  6. Make use of coupons in their presence. Show them the value of buying in bulk, shopping at garage sales and flea markets.

  7. Take your children to the bank and open a savings account in their name and request an ATM card for them. Once you receive the card, show them how to deposit cash using an ATM. Once in a while, show them how cash is withdrawn. Ask them to keep a running total of their balance.

  8. When paying for a dinner at a restaurant, ask your children who will pay for the meal and how they should pay for the meal – via cash, check or credit card. Talk to them about pros and cons of using a credit card.

  9. Talk to children about identity theft and the importance of protecting personal information from strangers. This can be done while completing a school application form, writing a check or paying for toys in a toy store.

  10. Explain to your children that money is just a tool and they don’t need it to make them happy. It is a means to an end and not the ultimate goal in life. Money is not payment for love or a proxy for love. Money doesn’t guarantee happiness. Teach them the values associated with sharing, recycling and caring for others and the environment. Finally, have them develop a healthy relationship with money, otherwise money will control their lives instead of the other way around.

Dr. Prakash Dheeriya is a professor of finance at California State University-Dominguez Hills and author of Finance for Kidz, a 20-volume series of books that teaches children about money management, personal finance and planning for the future.

Wednesday, July 21st, 2010 Uncategorized 2 Comments

Stacy Johnson’s take on stupidity

Saturday, July 17th, 2010 Uncategorized Comments Off on Stacy Johnson’s take on stupidity

Top 10 things that money cannot buy

Please check  out

Monday, May 17th, 2010 Uncategorized 3 Comments

Children & Money: When it comes to money, are savings enough?

Please check this article out.

Thursday, May 6th, 2010 Uncategorized Comments Off on Children & Money: When it comes to money, are savings enough?

Do you teach kids about money?

Saturday, May 1st, 2010 Uncategorized 2 Comments

Should Goldman Sachs Be Reprimanded?

Check out my article at LA Examiner..



Wednesday, April 28th, 2010 Uncategorized Comments Off on Should Goldman Sachs Be Reprimanded?

Dad of Divas’ comments on “choice”

Check this out!

Tuesday, March 30th, 2010 Uncategorized 1 Comment

Using allowances to teach about money

Here is a post on that subject. It provides a different perspective on allowances….Pay attention to the comments too…

Monday, March 29th, 2010 Uncategorized Comments Off on Using allowances to teach about money

Men Versus Women

Who is better at managing money? Women or Men?

I am curious as to what you think.

Wednesday, February 10th, 2010 Uncategorized 1 Comment

What is the future direction of the stock market?

One of the questions that my students often ask me is: Where is the stock market headed?

My answer to this profound question is really simple: The stock market will go up and then it will go down. 🙂

Monday, January 11th, 2010 Uncategorized Comments Off on What is the future direction of the stock market?

Should I give an allowance to my child? If so, how much?

This is a very common question asked by parents. They want to know how much, when to start and how to give it.

Some parents refuse to give allowances as they believe that children should learn the value of money first, understand what it takes to earn an allowance, and try to get it. Others use arbitrary rules. One of the most common ones is to give a dollar a week for each year of age. For example, a 5-year old will get $ 5 a month. Some parents may give $ 5 a week.

Another question that is asked is: Should the kids ALWAYS get an allowance, once it is given?

Again, it depends. If a child has behaved normally during a week, then yes, they must get their allowance. Sometimes, parents use a disaster-event (child breaking something precious or does something he/she is not supposed to do) to communicate the concept of “consequences” and the allowance for that week/month is forfeited. It is important that the child understands the reason behind the forfeiture. Alternatively, the parent can keep it aside and return it back to the child once the child has started behaving in the proper manner. It is upto the parents how they use these teachable moments.

Another question that is asked: Should I pay my child for chores?

This is a difficult question which has life-long implications. A child should do chores regardless of whether an allowance is paid or not. Rewarding them for chores that they should be doing anyway sets a bad precedent. In future, if the parent wants the child to do something, the parent should be prepared to hear “how much is it worth to you?” from the child. It is better to reward the child for the extra chores he does after he does them, so that the child is not doing it for the money. 

Money and its relationship to happiness is a very delicate subject. A child should not related money with being happy and vice versa. Society may throw such images to the child as he grows up and becomes an adult, but the child should be taught that having money is not a pre-requisite for being happy.

What do you think? How would you respond to these questions?

Tuesday, December 29th, 2009 Uncategorized 4 Comments

Hello there!

Welcome to Finance for Kids!
This blog has been created to serve you, the parent! We will discuss issues of money and kids, how to teach them, and how to resolve conflicts involving money and your kids.
We hope we can have a nice dialogue going.
Author of “Finance for Kidz” series
Tuesday, December 22nd, 2009 Uncategorized Comments Off on Hello there!