Braiding lanyards, playing softball, swimming in the lake? That’s child’s play compared with a new camp that teaches kids about fiscal responsibility. The New York Times reports a company called Financially Free is helping kids become more money savvy in a course called “Camp Millionaire.”
The five-day camp in Allentown, Pa. teaches kids basics like the importance of having more money coming in than going out, how to allocate money for expenses like college and savings, and help dispel myths about the rich and poor, all with the aim of showing kids how sound and responsible financial planning can help them become millionaires.
Other programs aimed at kids have also sprung up. Warren Buffett is planning a new Web cartoon called “Secret Millionaires Club” that teaches kids the fundamentals of good investing like identifying a product that people actually want to buy.
Sounds simple, right? One can’t help but wonder if more adults were familiar with these basics, the financial crisis might have been averted.
Photo courtesy WoodleyWonderworks via Flickr.
