What parents need to know
Parents Need to Know
Parents need to know that this series teaches kids about money matters through real-life stories of young entrepreneurs who are making their financial dreams come true thanks to sound principles like saving, budgeting, and investing in their communities. Although aspects of the show’s format may seem corny to adults (intermittent shorts spoof TV series like Star Trek, for example), its messages about fiscal responsibility are relatable for the entire family. Not only will kids glean excellent lessons in money handling, but they may also be inspired to brainstorm their own entrepreneurial endeavors.
What's the story?
BIZ KID$ uses real-life stories of young entrepreneurs to teach kids about money and financial responsibility. Each episode spotlights four kids (or a group of kids, in some cases) who've started their own businesses to work toward short- and/or long-term goals -- from buying a new motorcycle to building up to a production career. Additional segments explain and illustrate financial concepts like opportunity cost and budgeting, while the featured kids themselves demonstrate how sound business principles (including saving and giving back to their communities) have brought them success.
Is it any good?
The key to this series is that it promotes positive peer pressure by giving the limelight to kids who've let their big ideas -- combined with smart finances -- take them places. Kids will be inspired by their peers’ success and might find their own entrepreneurial wheels turning soon after. The show boasts a textbook’s worth of educational material that’s bolstered by its relevance to important life skills like managing money, setting and working toward goals, and coping with inevitable setbacks.
Biz Kid$ is a great choice for families to view together -- even parents may learn a thing or two from these financially savvy youngsters. Corny though some of the playful content might seem to the grown-ups, it’s nonetheless effective in getting its messages about fiscal responsibility across to kids.
Families can talk about...
Families can talk about the messages that society sends consumers about financial responsibility. How does credit work? What can happen if you live beyond your financial means?
Kids: How do advertisers entice people to buy their products? What “tricks” do they use to make their items more desirable? Do commercials and product placement influence your spending habits? How so?
What rules does your family have about money? Kids: Do you get an allowance? If so, how do you get to use it? Have you ever been paid to do a job? If so, how did earning money make you feel?