New Years Resolution

Happy 2010. What is your resolution this year? I have talked to a few people who have told me their resolution is to get out of debt. Have you heard that this year? Is it one of your resolutions? My New Years Resolution is to work harder to help parents teach their children about sound economic behavior.

Why is it so hard to get ahead? Why do we always seem to spend more than we have? When we do spend more than we have, the end result is there is nothing left over to save. Their is nothing set aside for emergencies or for retirement. Rule#3 "If you spend too much money then you won't have any money." Simple enough principle right? Yet, so many of us violate this rule every day.

Rule 3# is written to explain a consequence to your children. When my kids want to do something that is going to cost them the rest of their Moola Monsters I always have them quote Rule #3 so they understand what they are about to do. My little guys now save like crazy. Matthew has 100 Moola cards and tries to continuously keep that many around. Michael has about 60. They learned to save based on the consequence of Rule#3.

Good economic behavior can only be taught to children by living the consequences of good and poor choices. Better to do it with Moola Monsters than green backs.


Sincerely,

Grant Magers
CEO
Moola Monsters, LLC
www.moolamonsters.com