Comparison

Here is an article, reminds me of the 70's. There is a link on the side that speaks of what the recession has done to Blacks. I noted one part of the article where one who said, I should have stayed old school with my finances. Dh and I was just speaking on this in the am. I also note that there the article focused on middle class/hard working people. See when it was deemed an issue during the election and blame game time. Nasty stuff was/is said about welfare, and hand outs, sub-prime mortgage. These are hard working people, many who this is the first to gain a degree, or buy a house. A large % of Blacks do not have mom and dad, or grandma's old paid for house to fall back on. [URL="http://www.nytimes.com/2010/05/31/business/economy/31memphis.html?pagewanted=2&_r=1"]http://www.nytimes.com/2010/05/31/business/economy/31memphis.html?pagewanted=2&_r=1[/URL]

do any of you have your kids put money in the bank on a regular basis? I want to start that with my kids. They get thier grade in allowance and I want to get them started on saving. I wasn't. My parents had horrible money habits. I'm starting to get better but I want my kids to be better.

That's a good question... I would love to know the best age to start the saving mindset. My DD will be 3 soon, and while she has a piggy bank... she just likes to hear it say "oink, oink" when you feed it coins. I doubt she's getting much about financial responsibility.

For information on white privilege for transracially adopted children you'll have to look for books by the transracially adopted who are now adults. I really don't think you'll get a clear picture across the board of what's happening from the parents unless they are really intune with how things work in society. Just from what I've noticed is that privilege only extends while the parent is there all the time and the child is small or you live in a community where everyone knows your family. The really sad thing I've seen is when those children who are adults attempt to extend that privilege by announcing like a calling card that they were raised by CC parents. Once it's gone...it's gone...the kids need to be prepared for that day when they are on their own. Millie I've been thinking about opening an account for the kids to use. I already have an account for DS's subsidy but I don't want him to get involved with that till he's much older. My credit union has started up their youth accounts again based on different age groups. They send out newsletters, birthday cards and even have a website for the kids to use to learn about saving and to play games. Just keep an eye on the interest rate for the youth accounts. At my credit union the interest is 5% for the first $500 and after that it drops to the regular savings account rate. Some banks set the youth accounts to lower interest rates if you don't keep an eye on it.

Dave Ramsey's site, [url=http://www.daveramsey.com]Dave Ramsey Homepage - daveramsey.com[/url], has a lot of stuff to teach budgeting, etc. to all ages...there is a tab "kids & cirriculum" that has age appropriate books, games, etc....you might want to browse his site to see if there are any downloadable things on there... I know a few people that have been following his advice and seem to be doing pretty well with saving, budgeting, etc....not sure if they are using it for their kids though

Thanks Sparkle. I love Ramsey. I just checked the site and according to Dave, 3 is the magic age. That's perfect, I have a little time to prepare.

You can Google,and get free downloads, or printouts on teaching kids about money savvy.TheMint.org comes to mind. We make sure the kids place their funds in a piggy bank. The boys have their own savings account, and will deposit periodically birthday money and such. The allowances are suspended to be started up next month. They were slacking of on their chores.The oldest will get a portfolio type set up, and we are going over stocks. Once he is able to work we will set up his own checking account and he will use it for his personal spending. dh is not keen on him having a debit card. whatever. lol Anyhow, I purchased this piggy bank for DD, its nice for coins,and is very concrete for her age:[URL="http://www.amazon.com/Money-Savvy-Generation-BLUE-Pig/dp/B0002HRWBQ/ref=sr_1_2?ie=UTF8&s=toys-and-games&qid=1280859139&sr=8-2"]Amazon.com: Money Savvy Pig: Toys & Games[/URL]I am teaching DD about coins, how to describe them. She knows how to count, and do very simple addition. She just needs help on recognizing coins.Younger son we will work on a grocery receipt, and how much a product is. Play money is nice to work with too, set up shop and play a game. Kids do best with hands on. Even when they are older it helps, I hosted a financial focus get together with the kids of my moms group. I used the video School House Rock; budgets, wants and needs. Then we played a game similar to the game of life, they loved it.I ordered this as well, will see how it goes:[URL="http://www.amazon.com/gp/product/1553373901/ref=oss_product"]Amazon.com: Kids Guide to Money Cent$, The (9781553373902): Keltie…[/URL]

Cool piggy bank. How do you have the allowance set up? I was going to connect it to chores but I read something a few days ago saying you shouldn't connect chores to an allowance. Chores should be an obligation without any connection to money and that makes perfect sense. They should clean their room or pick up toys because that's part of maintaining the home. I may have trouble implementing this because DS likes doing chores because he likes helping... DD hates chores with a passion and won't do it even if she was getting paid.

We do not connect allowance to the chores, such as you get this amount if you do this. But general slacking off means losing the nice privileges. :cop: What makes sense to me is if you slack off at work you lose wages if you are fired, or do not get a raise.DD will start next month too. Weekly: One dollar per year of age, thus DD will get 5 dollars a week.Younger son has a learning cents bank, it has more room to keep dollar bills, but they are currently not available. I did purchase this at a specialty store. [URL="http://www.amazon.com/Learning-Cents-G100-LearningCents-Bank/dp/B000II6GWK"]Amazon.com: LearningCents Bank - Blue: Toys & Games[/URL]

What many cc people don't understand is that even though slavery ended in 1865, discrimination didn't. The discrimination was so extreme and widespread throughout the laws and government and everything that I can't understand how anyone could get ahead trying to work around that. The aa sharecroppers worked 3 times as hard and everything they were able to get was extremely difficult, practically unattainable. The segregation of basically everything in our society was going on much more recently. Throughout the 1960s and 70s there was still widespread discrimination. Housing, jobs, schools, etc that was all part of it. Poor cc families could come from Europe and maybe they stood out at first but after the second generation nobody could tell the difference and they had the same opportunities as everyone else. AA families would always look different than cc and therefore always have the same barriers they started out with. Even today there is racism everywhere on individual and group levels and people who are not aa don't notice. All they see is a lot of hoopla on tv about political correctness and they think it's all imagined or trumped up. The idea that "slavery ended in 1865 so get over it" is such a fallacy. I have actually heard this sentiment expressed. Don't get me started on this rant because I will get p*#!d off!!! White privilege a myth? Unbelievable.

I have a real [FONT=Verdana]problem with the opening/closing premises of the first article. This well, the NAACP say the tea partiers are racist and the tea party says the NAACP is racist, and why canӒt we all just get along premise really insults me. When a historically marginalized subset of society takes pride in its accomplishments and identity, and names the factors contributing to its continued marginalization, that IS NOT RACISM. And pretending that both sides are equal on the ԓracism scale is a strategy for the privileged to deny that racism exists at all. [/FONT][FONT=Verdana] [/FONT][FONT=Verdana]As a 40Ԓs something white woman, I think that I can say with confidence that over my lifetime, I have seen a slow erosion of unearned white privilege. Not an elimination of white privilege, but an erosion. But I think that we are on the cusp of the era of great backlash. [/FONT][FONT=Verdana] [/FONT][FONT=Verdana]Whites are not alone at the top of the pyramid anymore. We still hold a disproportionate amount of wealth, power, political representation, etc. But I think that in these hard fiscal times, with a black man in the highest elected office in our nation, I think we are seeing an exponential increase in the number of white people who blame blacks and latinos and Native Americans and immigrants in general for their personal problems. (Another thing that really irritates me about the first article is that the author seems to be pitting blacks and whites against immigrants, but that is whole other issue.) People are facing individual family crises, and want someone to blame. I think a percentage of white people have decided to blame their hard times, not on the exploitive power brokers who caused the financial crisis, but other victims of the crisis. [/FONT][FONT=Verdana] [/FONT][FONT=Verdana]In the past year, I have heard more white people talk about reverse racismӔ that I have in the cumulative experiences in my life leading up to this point. I have heard at least a half a dozen white people, very earnestly, claim that they cant get a job because ғminorities get preference. That they canԒt pay for their kids education because ғminorities get scholarships. And then the conversation inevitably gets even uglier, with the white people citing an example from their lives in which a black person cut in front of them in line at the store, and the black clerk waited on the white person first. [/FONT][FONT=Verdana] [/FONT][FONT=Verdana]And so the backlash begins.[/FONT][FONT=Verdana] [/FONT][FONT=Verdana]I think that there are going to be a lot of casualties. [/FONT][FONT=Verdana][/FONT] [FONT=Verdana]Right now, I am really mourning the downfall of Charlie Rangel, long-time congressional representative for NYC. Ok. He did some stupid things. He used congressional letterhead to fundraise for a much-needed public university campus that was to be named after him. This is not exactly Iran Contra here. Misuse of congressional stationary? Vanity? Yeah. It is. He didnԒt claim some rental income from his home in the DR on his taxes? Just stupid stupid stupid. He is not as wealthy as most of his peers in congress, and if he were, he would have had all sorts of depreciation options available to him for income property on his taxes. He shouldnt have done it. Using a rent controlled apartment as an office? 13 charges against him. An illustrious career in ruins. I know what he has done for NYC, (IҒve worked with his office many times over the years even though I dont live or work in his district) and everyone knows what he has done for Harlem, which has become our cityҒs shining jewel under his stewardship. And now his long career is about to end in shame. [/FONT][FONT=Verdana] [/FONT][FONT=Verdana]Do you honestly think that if you looked hard enough at ANY MEMBER of congress, you could not find a few stupid decisions like his? [/FONT][FONT=Verdana] [/FONT][FONT=Verdana]And now Maxine Waters too? As a long-time advocate for minority owned financial institutions, she ended up advocating for minority owned financial institutions during the financial crisis?????? [/FONT][FONT=Verdana] [/FONT][FONT=Verdana]Is it a coincidence that the two most powerful black representatives in Congress are facing scandals? I think that they were targeted. I think that this is the beginning of the ugly backlash. And I think it is only going to become worse. [/FONT][FONT=Verdana] [/FONT][FONT=Verdana]If a black person says what I just said, that person is likely to be called a reverse racist in todays political climate. Even Obama has folded on Charlie Rangel. IҒve been rambling about Rangel and Waters all week, to anyone who will listen. And when I say that I believe that they were targeted because of their race, I tend to get nervous nods. But no one has called me racist or a reverse racist.[/FONT][FONT=Verdana] [/FONT][FONT=Verdana]And that is because I am just exercising my white privilege. [/FONT]

Amen sista! Very well said.

Excellent post Quesita!

Amen here..amen,I woke up yesterday to read about another state looking to push the dumb, dumb racist premise of the questioning of ones immigration status. The comments, nothing but hate. Makes me sick to my stomach. My people came from elsewhere, but we hold the same history of slavery, and colonialism. This "backlash" is nothing but the same old same old. Racism.

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