What parents need to know
Parents Need to Know
Parents need to know that this isn't a site you can just log your kids on to and let them get amused and educated. This site is designed to be a guide for parents (and teachers, too) that offers lesson plans and printable exercises. Although there are some interactive online games, the majority of the site is designed for families to do together. And that's probably a good thing, since the Google ads featured on nearly every page can easily be mistaken for the site's content.
Is it any good?
In the first few scrolls around MONEY INSTRUCTOR, you might feel like you've been taken back in time to the Internet as it was five years ago: no Flash graphics, no streaming video, nor interactive capabilities. This site is barebones and that means lots of printable pages and not a lot of engaging multimedia displays. So this is one site that won't keep your kids glued to the keyboard and that might be a good thing. It's not flashy, but what this site does provide is the perfect springboard to begin teaching kids about money and life lessons on personal finance. This site gets bonus points for ambitiously tackling advanced topics like business accounting and delving into the stock market. Moms and Dads, you might even find these tutorials helpful! No, Money Instructor won't win any awards for cutting-edge site design, but it could get your kid's portfolio looking pretty sweet.
Families can talk about...
Families can talk about online worlds that use cyber cash. Would you spend your virtual cash differently than real money? Is it easier to make and spend money in a virtual world than in real life? Read our Money Lessons in Online Worlds Tips to learn about the difference between cyber cash and the real thing.
Families can talk about how kids spend money. What is the difference between a "want" and a "need?" Do you think advertisers target kids and entice them to spend money on toys and clothes they don't necessarily need? Check out Selling to Kids Tips and rein in those wallets.
Families can talk about the importance of learning money smarts. What would happen if you didn't know the difference between coins or how to count change? Is it important to also know how to create a budget or make payments on a car, even if you aren't old enough to tackle those responsibilities yet?