Modern kids are becoming more sophisticated and increasingly aware of typically adult topics, the latest evidence being Summer finance camps. Most kids today are tech whizzes, so they should be able to balance a checkbook, right? Kids anywhere from grade school to high school are learning about everything from budgeting and avoiding credit card fees to investing and financial lingo.
Most of the finance camp programs last between three and six days and cost anywhere from $150-$350 with need-based scholarships available. It's wonderful that some kids are learning money lessons so early and have time to let those lessons sink in before they're financially independent. While personal finance is currently limited to an extracurricular activity for kids, I'm hoping it's a sign that schools will follow and start teaching money lessons of their own.