Posted in Resources, Reviews

Financial Literacy for Teens: enRICHed Academy – Review

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Raise your hand if you went off to college or university not having a clue about managing your money. How quickly did you rack up debt on your credit card (or cards)? I didn’t want my own children to start off on their own, learning the hard way like I did. I was thrilled to get the opportunity to review a program with my 14 year old son, that was designed to start him off on the right foot.

enRICHED Academy is a comprehensive educational set that teaches teens and young adults how to earn, save, invest, and manage their credit and career. If you watch the Dragon’s Den, you may have see it on tv. It comes with everything you see above: 6 DVD’s, 2 workbooks, 10 goal cards, a write-on-wipe-off marker, and this Financial Report Card poster…

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The set also includes a bonus from Genworth – a “Saving for a Downpayment” DVD and info sheet. The DVD’s cover the following:

DVD 1: Money Myths

DVD 2: Understanding Credit and Credit Cards

DVD 3: Choosing Your Career

DVD 4: How to Build Wealth – Part 1 Stocks

DVD 5: How to Build Wealth – Part 2 Real Estate

DVD 6: Goal Setting and Building Your Brand

The first DVD was a good overview of the program. Kevin Cochran, the host, is personable, entertaining, and engaging. After the DVD was finished, we reviewed the information with the first workbook, Guidebook 1, and, much to my delight, my son had absorbed every little bit of information presented. Even my accountant husband was impressed. We proceeded together through the entire program, adding in anecdotes of mistakes we had made in our young lives. The program started some great discussion! By the end, my son had a great grasp on good and bad debt, how to save and invest, and even has a list of 10 goals for this year.

This program is a must-have for all teens and young adults, whether you are homeschooling them or not, and whether you live in the United States or Canada (as accurate information is shared for BOTH countries). It is recommended for ages 10-23, but I believe would be more appropriate for 13 and up. In fact, I learned a few things myself through enRICHED Academy. I will definitely be reviewing the materials with my son again before he goes off to university, and I look forward to going through the program with my 9 year old daughter when she is a bit older.

Check out this YouTube video to learn more:

And be sure to check out enRICHED Academy on Facebook and Twitter.

The entire program costs $149.99 (which includes shipping, handling, and taxes!) and has a 30-day money-back guarantee!

Love, Luck &
Laughter,

Kimberly

*I received the enRICHED Academy program in exchange for an honest review. All opinions are my own.*

Posted in Free Homeschooling Resources, Parenting, Resources, Reviews

Teach Your Child Money Management With FamilyMint

family mintLearning to manage your money takes time and practice. The FamilyMint website and Money Management Certification Program are beautifully designed to meet these needs. Whether our children are in public school, private school, or homeschooling, it’s up to us as parents to teach our children about money so they can learn to manage it and be successful adults! FamilyMint was created out of a need that arose from the creators’ own families. “We live in a buy now, ask questions later society” says Bob Masterson. You can find out more about the creation of FamilyMint here.

The FamilyMint Certification Program consists of a 60 page workbook and a lifetime family subscription to the FamilyMint website. It was fun to go through the Money Management Certification Program with both of my children, age 9 and 14. While my daughter is a little younger than the workbook target of Grades 5 and up for this program, I found that she had very little problem understanding it – we just had to teach her some new vocabulary (although she may not have completely understood compound interest – she did seem to grasp simple interest).

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You can use the workbook by itself, using all the additional worksheets in place of the website, or you can use the workbook in conjunction with the Family Mint website. My kids have learned the basics of money management, how to write a cheque, all about simple and compound interest, and more by working through the workbook. As homeschoolers, this became very much an extension of our math program. You can check out some sample pages of the FamilyMint workbook online.

Once your child is done working through the workbook, they can still practice the habits they have been taught, while using the FamilyMint website. Just some of the features of each child’s account:

  • Transactions: Makes it simple for children and parents to see exactly where the money is going.
  • Goals: Kids can set up as many goals as they choose with guidance on how to achieve them.
  • Unlimited users: Set up any number of kids and personalize for each.
  • Save & Secure: Use SSL encryption to keep data secure.
  • Allowance automation: Just set it and forget it. No more missed payments.
  • Automated interest: Parents can set up interest payments that really motivate savings over spending.
  • Matching deposits: Parents can set up automatic matching deposits for select goals.
  • For ages 6-16

My children are perhaps a little unusual. They have each had bank accounts since about the age of three years old. Each of them have earned their own money, in addition to a modest allowance. But there are quite a few things I have been trying to teach them that went by the wayside. While I have taught them that a portion of the money they earn should be donated (ie to church and/or their favourite charities), it hasn’t really been happening. And their saving goals can so often become waylaid by something new and shiny 🙂 The FamilyMint website is going to help them become more consistent with the values we have been teaching them since they were very young. We just set up their bank account as their “General Savings” account on FamilyMint. We don’t use FamilyMint for rewards, but if you would like to set up rewards for getting homeschool work done or doing chores, you can easily set that up in a FamilyMint account.

If you’re like us and have a smart phone or other device, you’ll like the mobile-optimized version of FamilyMint that you can access anywhere, anytime. Just click on Mobile Sign In and go:

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You can visit FamilyMint on Facebook and Twitter. Try out the FamilyMint website for FREE right now! Just click this link to sign up for a free basic account, and get a free 14-day premium account trial! Afterward, if you wish to sign up for a full-featured Premium account, you can easily do so. Watch this video tour to learn more:

Right now, when you buy the Money Management Certification Program Introductory Bundle (workbook and lifetime family subscription) you will save $25 and get the whole thing for $29.99 US! And you can purchase additional workbooks for each child in your family for 50% off of the $29.99 US price – just $15! For more information on all these options, please visit the FamilyMint Pricing page.  Family Mint has graciously offered a coupon code just for our readers!  From now until March 31st, you can get 20% off your entire order at Family Mint. Simply enter mosaics20 at checkout to recieve this discount.

Go to the Mosaic Reviews website to see what the rest of the team thought of FamilyMint!

I received the FamilyMint Money Management Certification Program through Mosaic Reviews in exchange for an honest review. All opinions are my own.