Title: Teaching Financial Responsibility
Feed: CWKN #444, July 1, 2009
Time:  1:39
SUGGESTED LEAD: DESPITE THE RECESSION…. KIDS HAVE BECOME A POWERFUL FORCE IN THE AMERICAN ECONOMY… SPENDING CLOSE TO 180-BILLION DOLLARS A YEAR.  YOUNG PEOPLE MAY KNOW HOW TO SPEND … BUT DO THEY KNOW HOW TO SAVE?  AND WHAT CAN PARENTS DO TO TEACH FINANCIAL RESPONSIBILITY? CONNECT WITH KIDS TAKES A LOOK.
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NAT:  swipe card.  Cash register

NARR:  83 PERCENT OF COLLEGE STUDENTS HAVE AT LEAST ONE CREDIT CARD WITH AN AVERAGE DEBT OF OVER THREE THOUSAND DOLLARS. (:07)

SUPER:  Brandon Elliott, Financial Education Consultant  (:11)
“And I think this all stems from their earlier years in junior high and high school when mom and dad had a chance to sit down with their kids and talk to them point blank.”

NARR:  BUT, HE SAYS, TOO MANY PARENTS DON’T … WHICH MEANS BLAKE HENDERSON IS AN EXCEPTION. (:04)

SUPER:  Blake, 15 years old (:32)
“Since I was, like, when I could talk, my dad’s been talking to me about money.”

NARR:  BLAKE IS ONLY FIFTEEN, BUT ALREADY KNOWS A LOT ABOUT FINANCE.

THIS IS HIS INVENTION … HE CALLS IT THE BIKE HANDLER. (:09)
 
NATS: “The child is sitting there and the parent just walks behind.  And it can guide the balance and the speed.”

NARR:  IT HELPS PARENTS TEACH THEIR KIDS TO RIDE.

BLAKE NOW HAS A BUSINESS, SELLING HIS INVENTION, WHICH IN TURN HAS TAUGHT HIM ABOUT PRIORITIES … AND MONEY.
   
BUT A KID DOESN’T HAVE TO START A BUSINESS TO LEARN THAT CREDIT CARD CHARGES COME DUE AT THE END OF THE MONTH ... 

TO LEARN THE DIFFERENCE BETWEEN A NEED AND A WANT …

TO LEARN HOW MUCH IT COSTS TO RUN A HOUSE.

THESE ARE THINGS A PARENT CAN TEACH. (:25)

SOT: Blake, 15 years old
“One day he sat me down and he started going through the taxes and the food and everything, and I looked at him.  It was the first time I ever really got the big picture.”

SOT: Brandon Elliott, Financial Education Consultant
“And some parents might disagree with this.  It may be too early to expose a kid to your expenses, but I think that pulling out one bill, and showing your child, would be a great thing to teach your son or daughter about investing and about saving for the future.”

SUGGESTED TAG:  FOR SPECIFIC WAYS TO TEACH FINANCIAL REPSONSIBILITY TO YOUR TEEN, LOG ON TO <LOCAL URL> AND CLICK ON CONNECT WITH KIDS.